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
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 nearly $70 million in March, Read more
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 cryptocurrency with PayPal, customers using Read more
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 a new service enabling its Read more
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 independent, non-for-profit entity created to Read more
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 over a fight with Wall Read more
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 openness to someday offering cryptocurrency Read more
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 global crypto currency called Libra, Read more
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 a digital payments system in Read more
One of the most intriguing ecommerce trends to watch in the coming year is “voice shopping.” Amazon and Google are accelerating the adoption of home assistants/speakers that let users interact with them and order items they need to purchase by Read more
