PayPal Planning Big Expansion of PYUSD Adoption via the Payment Giant’s 20,000,000 Merchants in 2025: Report

February 27, 2025 The Daily Hodl

Altcoins

Online payments giant PayPal is reportedly eyeing to expand the user base of its US-dollar-backed stablecoin by integrating the asset into several of its products this year. Bloomberg reports that the California-based firm is targeting its more than 20 million small-to-medium-sized merchants to use PayPal USD (PYUSD) by giving them the option to use the […]

The post PayPal Planning Big Expansion of PYUSD Adoption via the Payment Giant’s 20,000,000 Merchants in 2025: Report appeared first on The Daily Hodl.

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Phantom crypto wallet raises $150M in Series C at $3B valuation

January 17, 2025 Coin Telegraph

Phantom crypto wallet raises 0M in Series C at B valuation

Andreessen Horowitz

Phantom said the $150 million funding round accelerates Phantom’s mission to become the world’s biggest consumer finance platform.

Digital asset wallet Phantom announced has raised $150 million from a Series C funding round led by venture capital firms Sequoia Capital and Paradigm, valuing the firm at $3 billion.

Andreessen Horowitz and Variant also participated in the funding round.

“Our mission has always been to make crypto more accessible, intuitive, and safe for everyone. This latest round of funding allows us to invest further in innovation and ultimately modernize consumer finance,” Phantom’s CEO Brandon Millman said in the Jan. 16 announcement.

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FV Bank Integrates Paypal’s PYUSD Stablecoin for Real-Time Transactions

January 9, 2025 Bitcoin.com

bitcoin.com

FV Bank, a U.S.-licensed digital bank, has announced the integration of Paypal USD (PYUSD), a stablecoin, into its banking platform. This addition expands the bank’s stablecoin offerings, enabling direct deposits and outbound payments for account holders. FV Bank Enables Paypal Stablecoin for Instant Cross-Border Payments FV Bank‘s newly implemented feature allows customers to receive PYUSD […]

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Crypto payments firm MoonPay mulls $150M Helio acquisition: Report

December 24, 2024 Coin Telegraph

Acquisition

MoonPay is reportedly looking to acquire Helio Pay for around $150 million, adding to the crypto firm’s merchant service offerings.

Crypto payments firm MoonPay is reportedly considering acquiring crypto e-commerce platform Helio Pay for around $150 million.

MoonPay “is in talks” with Helio Pay for the estimated $150 million deal in what would be the company’s largest acquisition to date, FOX reporter Eleanor Terrett said in a Dec. 23 X post.

MoonPay markets itself as the “PayPal for crypto,” offering up a suite of crypto payments infrastructure.

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Ethereum is like ‘Amazon in the 1990s’ — 21Shares

November 4, 2024 Coin Telegraph

21shares

“Just as Amazon evolved beyond books to redefine entire industries, Ethereum may surprise us with revolutionary use cases that we can't fully envision today,” a 21Shares executive said.

Wall Street investors are still largely unaware of Ethereum’s potential, similar to Amazon in the early 1990s before it became a $2 trillion tech giant, according to a research analyst at crypto asset manager 21Shares.

Spot Ether (ETH) exchange-traded funds launched in July but have seen relatively small inflows compared with spot Bitcoin (BTC) ETFs.

Leena ElDeeb, Research Analyst at 21Shares, told Cointelegraph that large inflows into ETH ETFs will happen only when Ethereum’s potential is understood.

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Fireblocks Launches $1M Grant Program to Promote Paypal’s PYUSD Adoption

October 25, 2024 Bitcoin.com

Fireblocks Launches M Grant Program to Promote Paypal’s PYUSD Adoption

bitcoin.com

Fireblocks, a provider of blockchain infrastructure, has announced a $1 million grant program with Paxos, aimed to foster broader use of paypal usd (PYUSD). Fireblocks Launches $1M Grant Progam With Paxos Following what the firm describes as a “successful pilot,” the initiative seeks to encourage businesses to develop PYUSD applications on Fireblocks’ platform. In a […]

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Fireblocks launches $1M grant program to boost PYUSD developer adoption

October 24, 2024 Coin Telegraph

Fireblocks launches M grant program to boost PYUSD developer adoption

Coin Telegraph

As part of the program, developers can apply for up to $60,000 in grant funding to support their projects.

Digital assets management platform Fireblocks has announced the launch of a $1 million grant program for companies building blockchain-based projects using the PayPal USD (PYUSD) stablecoin.

Qualifying projects will be eligible for up to $60,000 in grants as part of the program, which was extended on Oct. 24 after an extensive beta period with payment companies KoraPay and Bridge.

“Our pilot has already shown the transformative impact PYUSD can have, and we look forward to seeing businesses create real-world use cases that take advantage of what stablecoins can offer,” said Ran Goldi, the senior vice president of payments and networks at Fireblocks, in an announcement.

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Paypal Expands Crypto Reach: 60 Million Venmo Users Now Linked to Moonpay

October 18, 2024 Bitcoin.com

bank

Venmo’s 60 million users can now fund transactions on the Moonpay platform, thanks to a new integration announced by Paypal. U.S. users can use Venmo balances, linked bank accounts, or cards to buy and sell cryptocurrencies through Moonpay, expanding payment flexibility. However, this option is unavailable in New York and Texas, continuing Paypal’s push into […]

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Paypal Completes First Corporate Transaction Using PYUSD Stablecoin

October 6, 2024 Bitcoin.com

bitcoin.com

Paypal has made a significant step in corporate payments by completing its first transaction using its stablecoin Paypal USD (PYUSD). This milestone highlights the role digital currencies can play in streamlining cross-border transactions, with Paypal partnering with Ernst & Young LLP. Paypal Completes First PYUSD Stablecoin Business Transaction Paypal Holdings Inc. has completed its first […]

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PayPal Taps Native Stablecoin PYUSD for Business Payment to Accounting Giant Ernst & Young: Report

October 4, 2024 The Daily Hodl

Altcoins

Payments giant PayPal has reportedly completed its first business transaction using the dollar-pegged stablecoin it launched last year. Bloomberg reports that on September 23rd, the San Francisco-based company used PayPalUSD (PYUSD) to pay an invoice to the Big Four accounting firm Ernst & Young. Paypal settled the undisclosed amount using SAP digital currency hub, a […]

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