PayPal customers increase crypto deposits to $943M
2023-05-09 PayPal disclosed it holds $943 million in customers’ crypto assets, up 56% from the previous quarter. The company enables users in some regions to buy, hold, sell, and pay for purchases using cryptocurrency. However, PayPal doesn’t have any cryptocurrencies on its balance sheet other than those belonging to its customers. PayPal customers up their […]
Paypal founder launches tirade against ‘gerontocracy’ over bitcoin | Peter Thiel
2022-04-08 Peter Thiel, the co-founder of PayPal and a Donald Trump ally, has accused a “finance gerontocracy” including Warren Buffett and Jamie Dimon of hindering bitcoin’s progress. The outspoken libertarian tech investor described multibillionaire Buffett, the world’s richest investor, as the “sociopathic grandpa from Omaha” in a keynote address at the Bitcoin 2022 conference in […]
Paypal founder launches tirade against ‘gerontocracy’ over bitcoin | Peter Thiel
2022-04-08 Peter Thiel, the co-founder of PayPal and a Donald Trump ally, has accused a “finance gerontocracy” including Warren Buffett and Jamie Dimon of hindering bitcoin’s progress. The outspoken libertarian tech investor described multibillionaire Buffett, the world’s richest investor, as the “sociopathic grandpa from Omaha” in a keynote address at the Bitcoin 2022 conference in […]
PayPal Stock Dives Amid Mixed Earnings, Venmo Pact With Amazon
2021-11-09 09:15:00 PayPal Holdings (PYPL) reported mixed third-quarter financial results as earnings topped views, but revenue and total payment volume missed estimates. PayPal stock tumbled as its fiscal 2022 revenue outlook came in light. San Jose, Calif.-based PayPal reported earnings late Monday. PYPL stock tumbled 12.1% to 201.60 in morning trading on the stock market […]