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Tag: Cryptocurrency

Accept Virtual Currency for Payments? The IRS Wants to Know

March 29, 2022 Ina Steiner
Tax

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 […]

News, Tax and Legal IssuesCryptocurrency, IRS, Virtual currency for payments

The Second Life of the Metaverse: Ralph Lauren Signs On

January 18, 2022January 18, 2022 Ina Steiner
Ecommerce Trends

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, […]

1 CommentNews, Trends and Shopping DataCryptocurrency, Facebook, Linden Labs, Metaverse, NFTs, Ralph Lauren, Second Life, Virtual reality, Walmart

Facebook Payments Loses Another Executive

December 20, 2021December 20, 2021 Ina Steiner
Facebook

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 […]

News, PaymentsCryptocurrency, David Marcus, Facebook Payments, Libra, Meta, Novi, Tomer Barel

PayPal Offers Cryptocurrency Service in the UK

August 23, 2021August 23, 2021 Ina Steiner
PayPal

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 […]

News, PaymentsCryptocurrency, PayPal

PayPal Plays to the Crypto Crowd

August 11, 2021August 11, 2021 Ina Steiner
PayPal

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 […]

1 CommentNews, PaymentsCrypto on Venmo, Cryptocurrency, PayPal, Venmo, Venmo credit card

CEO Says eBay Is Looking at Cryptocurrency and NFTs

May 4, 2021May 4, 2021 Ina Steiner
eBay

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 […]

2 CommentsMarketplaces, News, PaymentsCryptocurrency, Diem, eBay cryptocurrency, eBay managed payments, Jamie Iannone, Libra, NFTs

Risky Business: PayPal App Lets People Buy Cryptocurrencies

April 20, 2021April 20, 2021 Ina Steiner
PayPal

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 […]

1 CommentNews, PaymentsCrypto on Venmo, Cryptocurrency, PayPal cryptocurrency, Venmo

What Online Sellers Should Know about NFTs and the Digital Asset Craze

April 10, 2021April 10, 2021 Kenneth Corbin

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 […]

News, Trends and Shopping DataClay Collins, Cryptocurrency, David Gerard, Digital Assets, EBU 449, NFTs, Nomics, OpenSea

PayPal Launches Checkout with Crypto

March 30, 2021March 30, 2021 Ina Steiner
PayPal

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 […]

News, PaymentsCryptocurrency, PayPal, PayPal Checkout with Crypto

PayPal Will Help You Buy Things with Cryptocurrency

October 21, 2020October 21, 2020 Ina Steiner
PayPal

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 […]

News, PaymentsCryptocurrency, Paxos Trust Company, PayPal, Venmo

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