PayPal Delves Into Private Crypto With Internal Token Platform

With crypto markets falling ever lower many are making an exit from the space. Not all are that quick to jump ship however, and PayPal is among those looking towards cryptocurrencies, albeit private ones, starting with an incentive platform for its employees. PayPal Tokens For Coffee With The Boss The company has launched an internal private blockchain based platform for its staff to trade and exchange tokens while contributing ideas and participating in related programs designed to foster innovation. According to Cheddar the initiative has been built by around 25…

PayPal Launches Blockchain-Based Innovation Reward System for Employees

Major global online payments system PayPal has launched a blockchain-based reward system for its employees. Financial news channel Cheddar reported on the platform launch Thursday, Dec. 6, citing PayPal’s director of innovation Michael Todasco. According to Cheddar, the program was prepared by PayPal’s innovation team, which is based in San Jose, California, over a six-month period and was launched in mid-November. Employees using the program are granted tokens for participating in innovation-related programs and contributing ideas. These tokens are only valid within PayPal and can be traded among the participants…

OpenNode: Bitcoin’s Lightning Network’s Own “PayPal”

Bitcoin had a steady start as a medium of exchange and has slowly begun challenging the hundreds of decades-old fiat money system. Businesses are now moving towards developing systems which could aid the further adoption of the pioneer cryptocurrency over fiat. Bitcoin Payment Processing: An Introduction To explain in brief, bitcoin payments processing means to provide tools and services which enable merchants, service providers, and other businesses to accept their payments in cryptocurrency instead of traditional payment options. It works similar to processing payments via a credit or debit card,…

Coinbase and PayPal – A Match Made in Crypto Heaven?

Crypto exchange giant Coinbase usually blows its own trumpet when a new option is available on its trading platform. This has not been the case however with the recent addition of PayPal as an option to withdraw fiat for a small number of its customers. There has been no official announcement however the company FAQ page has been updated with the following notice: “Beginning in November, Coinbase will add the ability for customers to link their PayPal and Coinbase accounts. Depending on country of residence, customers can either withdraw cash…

Coinbase and PayPal – A Match Made in Crypto Heaven?

Crypto exchange giant Coinbase usually blows its own trumpet when a new option is available on its trading platform. This has not been the case however with the recent addition of PayPal as an option to withdraw fiat for a small number of its customers. There has been no official announcement however the company FAQ page has been updated with the following notice: “Beginning in November, Coinbase will add the ability for customers to link their PayPal and Coinbase accounts. Depending on country of residence, customers can either withdraw cash…

Should Bitcoin Aim to Follow the Footsteps of PayPal?

Photo: servicesmobiles / Flickr With the recent slump in Bitcoin value after the highs of late 2017/ early 2018, there is a lot of uncertainty surrounding Satoshi Nakamoto’s cryptocurrency. Many believers still think it will one day become the world’s sole form of payment for online purchases, but others contest that Bitcoin was a bubble which has now burst. There is certainly a lot of potential for Bitcoin to be successful in the modern age. With more and more businesses operating online and people from all over the world interacting,…

Crypterium to Allow Its Users to Shop on eBay, Refill PayPal and Bank Accounts With Cryptocurrencies

In recent months, reports have emerged stating that PayPal, the leading online payments provider may be making a move in favor of cryptocurrencies. This has been echoed by PayPal’s previous business companion eBay. Yet, there seems to be an alternative in the market. Blockchain-based startup Crypterium led by former Visa UK CEO Marc O’Brien enables its users to send crypto directly to bank accounts. Crypto users can now top up their PayPal account or send a payment to their bank account, as well as shop with Bitcoin wherever bank transfers…

Crypto Online Transactions | UTRUST Wants to be the Paypal of Crypto

A Swedish company wants to make crypto online transactions as simple and as safe as using PayPal. But can such a feat be accomplished in such a volatile marketplace? Crypto Online Transactions The cryptocurrency market is still considered to be in its infancy, and many skeptics believe that, as a currency, it is hard to spend it day-to-day. Proof of this issue is that only 2% of online retailers accept crypto despite the increase in adoption for traders and businesses alike. Fear remains surrounding the volatile nature of a crypto’s price.…

Former PayPal COO Joins Security Token Startup 0x in Advisory Capacity

Former Paypal COO David Sacks has joined 0x, an open protocol used for token trading in an advisory role, according to Fortune. Sacks, who is the co-founder of Harbor and a partner at Craft Ventures — a compliance service for token sales — shared the news via a tweet. The move is expected to create an industry standard for security tokens, leading to faster adoption with investors and software developers. The 0x protocol was founded by Will Warren and Amir Bandeali, who saw the need for a trustless peer-to-peer token exchange…