Paypal Holdings Inc, Internet, Markets, Cryptocurrency, Bitcoin, Fintech, Twitter Inc, Jack Dorsey, Facebook, Bitcoin/Usd Bitstamp, Ether/Usd, Bitcoin Cash/Usd Coinbase, Litecoin/Usd, Bitcoin/Usd Coinbase, Square Inc

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PayPal gets into crypto with new features for trading and shopping

PayPal gets into crypto with new features for trading and shopping

10/21/2020 4:53:00 PM

PayPal gets into crypto with new features for trading and shopping

PayPal is the latest large financial services provider to show an interest in the cryptocurrency space.

. By early 2021, the company also plans to let customers use crypto to shop with its network of 26 million retailers.Shares of PayPal climbed over 3% in early New York trading. Bitcoin's price meanwhile rose almost 5% to trade at around $12,440, according to data from CoinDesk.

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"The shift to digital forms of currencies is inevitable, bringing with it clear advantages in terms of financial inclusion and access; efficiency, speed and resilience of the payments system; and the ability for governments to disburse funds to citizens quickly," PayPal CEO Dan Schulman said in a statement.

"We are eager to work with central banks and regulators around the world to offer our support, and to meaningfully contribute to shaping the role that digital currencies will play in the future of global finance and commerce." Read more: CNBC »

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Why? Boring Crypto currencies get a big boost ! Hmmm can someone tell me what $PYPL is doing that wasnt available from 5 other vendors yesterday? buckle up, here we go $BTC 🚀🚀 Been packing my bags for years, we all knew the big boys were coming. btc 🚀 🚀 🚀 Same Paypal that blocked my account for one small $ transfer to Mexico? Good luck with that.

Used to enjoy watching CNBC in the morning. jimcramer has killed that for me. Always loud Jim Repeats the same thing every day. Unwatchable. Not Your Keys 🔑 Not Your Coins. Welcome Square just picked up $50 mill worth writing is on the wall wow

JPMorgan Chase takes on Square and PayPal with smartphone card reader, faster deposits for merchantsJPMorgan Chase is making a play to sell more services to millions of American small business owners, CNBC has learned. ChaseforBiz About Fing time

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ISIS Brat Hates Having To Keep Changing Schools Whenever Dad Gets New DeploymentHAMRIN MOUNTAINS, IRAQ—Exasperated by the stress of being constantly uprooted, ISIS brat Abu Hamza al-Ahmed confessed Tuesday he hates the ordeal of changing schools whenever his father, a commander in the Islamic State, receives a new deployment. “It really sucks, because right when I start to settle in and make friends, the caliphate gives my dad orders to move to a new country and eradicate the infidel from a whole different part of the world,” said al-Ahmed, who predicted that his father would one day be a great martyr to the cause and bring glory to the family, but complained that in the meantime he, at age 12, had attended a dozen schools and never had any long-term friendships, let alone a girlfriend. “While the bombings are truly glorious, I just wish he’d stop every now and then to consider how destructive his job has been to my social life. Sure, I’ve seen more places than most kids my age—Yemen, Somalia, Nigeria, you name it—but before I get a chance to really experience them, Dad carries out another righteous attack against the unbelievers and we’re rushed off to the next staging ground. I’m just saying, some stability would be nice for once.” At press time, al-Ahmed had locked himself in his room and refused to speak after being told his father had been reassigned to Washington, D.C.\n