PayPal set to allow cryptocurrencies on its network

PayPal Holdings Inc said on Wednesday it will allow customers to hold bitcoin and other virtual coins in its online wallet and shop using cryptocurrencies at the 26 million merchants on its network. The new service makes PayPal one of the largest U.S. companies to provide consumers access to cryptocurrencies, which could help bitcoin and… Read More PayPal set to allow cryptocurrencies on its network

Facebook, PayPal invest in Indonesian super app Gojek

Facebook Inc messaging platform WhatsApp and PayPal Holdings Inc on Wednesday said they have invested in payment, food delivery and ride-hailing app operator Gojek as part of the Indonesian firm’s ongoing fundraising round. WhatsApp and PayPal did not disclose the size of the investment. A Gojek investor said the Facebook investment, the first for the… Read More Facebook, PayPal invest in Indonesian super app Gojek

Major financial companies quit Facebook cryptocurrency project

Facebook Inc’s ambitious efforts to establish a global digital currency called Libra suffered severe setbacks on Friday, as major payment companies including Mastercard and Visa Inc quit the group behind the project. The two companies announced they would leave the association on Friday afternoon, as did EBay Inc, Stripe Inc. and Latin American payments company… Read More Major financial companies quit Facebook cryptocurrency project