$105,529.00
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0.02%$0.271573
0.05%$2,528.95
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0.17%$40.66
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0.38%$0.257512
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0.15%$0.999743
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0.00%$0.999981
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1.46%$3.78
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2.05%$4.52
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0.18%$0.00001104
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6.10%$7.38
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0.60%$0.090732
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0.00%$28.72
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0.20%$0.634874
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0.01%$105,132.00
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4.53%$105,253.00
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3.83%$0.335897
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0.06%$105,126.00
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0.16%$0.999894
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6.36%$158.59
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5.98%$0.99969
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3.13%$100,160.00
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-3.57%Reading
PayPal is diving deeper into the crypto world.
In a Thursday announcement, the payments giant said that U.S. customers could now buy digital coins and tokens like Bitcoin and Ethereum on MoonPay using their Venmo accounts.
Venmo is a popular mobile payments app owned by PayPal. MoonPay is a platform allowing people to buy, sell, or swap digital coins and tokens. Venmo customers can use their account balance, a direct bank withdrawal, or debit card to fund crypto purchases on MoonPay, however MoonPay said that users in New York and Texas cannot use the Venmo integration.
🚨 Breaking News: Venmo's 60 million users in the U.S. can now buy crypto using MoonPay!
💰 This new integration lets you buy all your favorite cryptocurrencies using your Venmo balance.
🚀 Live now and rolling out soon to the MoonPay partner network. pic.twitter.com/VoUjMCbOcS
— MoonPay 🟣 (@moonpay) October 17, 2024
The announcement is part of PayPal's latest strategy to make crypto available to everyday people. In September, the payments company enabled U.S. merchants to buy, hold, and sell cryptocurrency from their business accounts.
Last year, it launched an Ethereum-based, dollar-pegged stablecoin called PayPal USD (PYUSD). The asset now also runs on Solana, the crypto network behind the fifth-biggest digital coin by market cap, SOL. In April, PayPal announced that users could swap PYUSD for dollars to make international payments via payments platform Xoom.
Online payment giant PayPal is expanding its cryptocurrency offerings, joining forces with cryptocurrency company MoonPay to offer its more than 426 million customers access to over 100 digital assets. MoonPay believes that it will help avoid the kinds of banking hurdles that some users have encountered with crypto purchases. “Frequently, crypto purchases fail when users attempt to use their debit cards directly due to certain bank restrictions,” a MoonPay spokesperson said. “MoonPay's partnersh...
Stablecoins are cryptocurrencies that are designed to have a less volatile nature than Bitcoin and other digital coins. They tend to be backed by dollars or treasuries, and are used by traders to make transactions on exchanges quickly, or by those who want to send money across borders.
Edited by Andrew Hayward
Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. This week: Circle’s stock surged again to end the week while GameStop shares swoon after another bond offering—but SharpLink Gaming’s fall takes the cake. Circle stays hot The euphoria started to ebb, but the glossy announcements kept coming—and CRCL is surging again. After last week's massive launch, USDC issuer Circle has seen its stock reach new highs and then start to settle over the course of...
GameStop upsized its latest offering of convertible senior notes to $2.25 billion from $1.75 billion, the video game retailer said in a press release published late on Thursday. Shares dropped earlier this week after the Grapevine, Texas-based firm said that it would offer investors more convertible bonds, following a similar, $1.5 billion raise in April. Although GameStop shares held ground on Friday, they fell 24% throughout the week, closing at $22.14, according to Yahoo Finance. Shares chang...
SharpLink Gaming recently acquired $462 million worth of Ethereum, becoming the asset’s largest holder among public firms, according to a company blog post published on Friday. The Nasdaq-listed online gambling marketer, which adopted an Ethereum treasury strategy in May, said that it had purchased roughly 176,000 ETH for an average price of $2,600 per coin. The price of Ethereum was recently changing hands around $2,500, an 8.8% decrease over the past 24 hours, according to crypto data provide...
