Future of Finance: PayPal’s Fernandez da Ponte on how B2B payments could spur crypto adoption worldwide

PayPal’s crypto lead hopes we will see $1 trillion of stablecoin-dominated assets in five years time.

• 2023-06-09
• PayPal digital currencies Jose Fernandez da Ponte digital assets Fernandez da Ponte

PayPal Holding Nearly $1 Billion Worth of Crypto for Their Customers

PayPal, one of the largest electronic payments companies in the world, has recently revealed that it is holding almost $1 billion worth of cryptocurrencies on behalf of its customers.

• 2023-05-10
• PayPal electronic payments

PayPal just paused its plan to release a stablecoin after reports its partner is under investigation amid a larger crypto crackdown

The reported pause follows a month of concerted federal and state regulatory actions against crypto companies.

• 2023-02-11
• PayPal Department of Financial Services New York Department of Financial Services digital payments spokesperson payment provider Paxos

PayPal pauses stablecoin work amid regulatory scrutiny of crypto - Bloomberg News

PayPal had hoped to debut the stablecoin, which will be backed one for one by the dollar, in the coming weeks, Bloomberg reported, citing a person with knowledge of the matter. The macroeconomic weakness has also begun to pressure growth at PayPal's core business as consumer spending, particularly discretionary purchases, comes under pressure due to a cost-of-living crisis, triggered by decades-high inflation.

• 2023-02-11
• PayPal New York State Department of Financial Services Bloomberg News

PayPal Held $604M of Customers' Crypto as of Year-End 2022

The payments company held $291 million of bitcoin and $250 million of ether, with the rest comprising litecoin and bitcoin cash.

• 2023-02-10
• PayPal U.S. Securities and Exchange Commission