PayPal’s Dan Schulman, who is stepping down from his role as CEO by year-end, announced the launch of a US dollar-denominated stablecoin on Monday called “PayPal USD.” Some on Wall Street believe PayPal has been too slow in selecting a Read more
The IRS has tweaked a question that all taxpayers must answer on their tax return in April for tax year 2022, and it’s especially important for online sellers (and collectors) to be prepared so they don’t get into trouble down Read more
PayPal added a feature that let its customers fund purchases with cryptocurrency last year, and now it’s giving them more features to move their crypto around. It’s able to offer the expanded capabilities thanks to receiving a full “Bitlicense” by Read more
Did you know that taxpayers who accepted virtual currency for payments in 2021 for goods or services must answer yes to a question at the top of IRS Form 1040 that reads: “At any time during 2021, did you receive, Read more
Fashion brand Ralph Lauren is considering buying “real estate” in virtual reality, its CEO told attendees at the National Retail Federation conference, according to CNBC. And Walmart may be preparing to enter the metaverse too, the news outlet reported separately. Read more
Facebook payments is losing another executive just months after the company rebranded its payments unit to Novi. The co-creator of Facebook’s cryptocurrency initiative Tomer Barel is leaving the company in February. The news comes three weeks after the head of Read more
PayPal has made yet another move in the cryptocurrency arena – it launched a new service allowing UK customers to buy, hold and sell cryptocurrency with PayPal (note that terms apply). PayPal is offering customers the choice of four cryptocurrencies: Read more
Like many other companies, PayPal is trying to capitalize on the interest in the ever evolving world of cryptocurrency while also keeping risks to its bottom-line in line. The latest initiative targets holders of its Venmo credit card. Cash Back Read more
eBay CEO Jamie Iannone’s recent comments about cryptocurrency, as cryptic as they were, caused a stir. Monday’s CNBC interview was not the first time eBay expressed interest in crypto, but together with the CEO’s comments about NFTs, it led to Read more
PayPal is making it easier for ordinary people to buy cryptocurrency, but it’s not clear that ordinary people will comprehend the risk. PayPal is letting people buy and sell cryptocurrency within the Venmo app with as little as a dollar, Read more
