Ecommerce Industry News
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 […]
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 […]
Even if the NFT bubble bursts, digital assets could remain viable. When Christie’s, an auction house that dates to the 18th century and a pillar of the establishment art world, sold a non-fungible token for […]
PayPal launched a new feature called “Checkout with Crypto” that allows PayPal customers in the US to pay with cryptocurrency at checkout. According to Tuesday’s announcement: “Building on the ability to buy, hold and sell […]
PayPal will soon help you fund your ecommerce purchases using cryptocurrency, announcing a new service on Wednesday and referring awkwardly to “digital representations of value.” “PayPal Holdings, Inc. (NASDAQ: PYPL) today announced the launch of […]
PayPal pulled out of the entity overseeing Facebook’s new crypto currency initiative. PayPal was reportedly spooked by backlash from regulators in and outside of the US. Facebook had announced the Libra Association in June, an […]
Overstock CEO Patrick Byrne has severed ties with the company he founded after alleging he has been working with the Department of Justice on a controversial government-related matter. For years, Byrne was surrounded in controversy […]
Last month, eBay said it was not launching a cryptocurrency (“Cryptocurrency is not accepted as a form of payment on the eBay platform, nor is it part of our payments strategy”). Today, it signaled its […]
The value of currency is its wide acceptance, and the same is true of virtual currency. That helps explain why so many prominent technology and financial services firms are joining together to launch a new […]
eBay recently denied it was planning to launch virtual currency, but Facebook seems increasingly likely to do so. The BBC reported that Facebook had met with the Bank of England on plans to set up […]