PayPal Financial News

Major United States-based payment processor PayPal will reportedly be closing its office in San Francisco, while the headquarters in nearby San Jose will remain available to employees.

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Peter Thiel has led a chorus of bitcoin fans slamming ESG as a "hate factory" and the enemy of crypto.

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Peter Thiel has led a chorus of bitcoin fans slamming ESG as a "hate factory" and the enemy of crypto.

Peter Thiel has led a chorus of bitcoin fans slamming ESG as a "hate factory" and the enemy of crypto.

On stage, the PayPal co-founder and libertarian Donald Trump-backer threw a wad of $100 bills into a baying crowd, which booed Buffet's name, and railed against government and "woke companies".Said Thiel, according to Fox Business: "Even being in a stock, you're effectively being in something that's like a government-linked entity. Companies — woke companies — are sort of quasi-controlled by the government in a way that Bitcoin never will be."Bitcoin is the "most honest" and "most efficient" market which was the "canary in the coal mine" predicting recent high inflation, Thiel told the crowd, adding "we have to fight for bitcoin to go 10x or 100x from here".Thiel also took aim at Environmental, Social, and Governance, saying: "ESG is a hate factory.

Nium, a cross-border payments firm based in Singapore, has announced the launch of a new API-based solution that will allow businesses to start accepting cryptocurrency payments.

In an effort to embrace virtual money, the city of Portsmouth, New Hampshire, will allow residents to pay their bills in Bitcoin (BTC) and other cryptocurrencies. Deaglan McEachern, the city's mayor, proposed the idea to city officials, who feel it will provide residents with more payment choices.

On March 21, mobile banking application Dave announced a partnership with FTX US to provide cryptocurrency payments on the platform. It also announced a $100 million investment from FTX Ventures.

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More payment operators follow the orders of sanctions issued by the U.S., American Express, Visa, Mastercard, and PayPal announced on Saturday that they are all suspending their operations in Russia in protest of the country's ongoing invasion of Ukraine.

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Facebook, Inc. (FB) shares rose nearly 3% during Monday's session after analysts expressed optimism about its new cryptocurrency offering – Libra. The company will unveil a white paper on Tuesday related to the new cryptocurrency, which has already reportedly gained widespread support from industry partners and governments, including Visa Inc. (V), Mastercard Incorporated (MA), and PayPal Holdings, Inc. (PYPL). The value of the currency will reportedly be pegged to a basket of global currencies, including the dollar and euro.

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Major U.S. payment processor PayPal has established a blockchain, cryptocurrency, and digital currency advisory committee.

Major U.S.-based payment processor PayPal has assembled a team of industry experts to act as advisors on crypto, blockchain, and digital currencies. 

One of the UK’s best-known retail fund managers is breathing a sigh of relief after dumping shares in Meta and PayPal ahead of the brutal selloff that wiped billions off the stocks.

One of the UK's best-known retail fund managers is breathing a sigh of relief after dumping shares in Meta and PayPal ahead of the brutal selloff that wiped billions off the stocks.

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Progressive International, a global organization supporting progressive left-wing activists and organizers, is moving into cryptocurrencies in response to getting de-banked by major payment and banking firms.