Venmo is rolling out a new feature that lets Venmo Credit Card users automatically purchase cryptocurrency using cash back earned from their card purchases, the company announced Tuesday. Called Cash Back to Crypto, the feature “expands choice in how customers can spend their cash back while allowing them to start exploring crypto within the …
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Digital payments company Square will create a new business focused on the Bitcoin cryptocurrency to help developers design decentralized financial products, CEO Jack Dorsey said in a series of tweets on Thursday. The business will build “an open developer platform with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services,” Dorsey said. The new …
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PayPal introduced cryptocurrency to its platform last October, allowing users to buy, sell and hold Bitcoin, Ethereum, Bitcoin Cash and Litecoin. Starting Tuesday, those who own some crypto can use it to shop. Checkout with Crypto is the new payment option available for PayPal customers when shopping online. Users can select their cryptocurrency when checking out and they’ll see …
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Apple should launch its own cryptocurrency exchange, an analyst report suggested Monday. The report by Canadian brokerage firm RBC Capital Markets, spotted earlier by Coindesk, said that since Apple Wallet is used by millions in an increasingly cashless society, Apple could easily generate over $40 billion by making the jump to cryptocurrency. “If Apple went down this path, the USA …
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You’re looking to get rich. You could work hard and rise through the ranks. You could invent something that everybody wants or needs. You could marry into the right family. Or maybe you buy some cryptocurrency and look for a quick score. If it’s the cryptocurrency route for you, be careful. The ups and downs can be intense, as we …
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Venmo will expand its functionality in the coming months, according to an earnings call with the app’s parent company, PayPal. Not only will users be able to send a few bucks to a friend quickly, but they’ll also have the option to buy some cryptocurrency, save money and even keep up to date on shopping deals with integrated tools from …
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Bitcoin continues its meteoric rise, for the first time ever hitting a price of more than $20,000. As of Dec. 16 at 12 p.m. PT, the cryptocurrency clocked in at a value of $20,842.90, as reported earlier Wednesday by CoinDesk. Its previous high came on Nov. 30 when it reached a price of $19,850. Bitcoin has been slowly rising throughout …
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Facebook CEO Mark Zuckerberg on Wednesday explained how the launch a new cryptocurrency called Libra could help the social network rake in more ad dollars. During the company’s annual shareholder meeting on Wednesday, Zuckerberg was asked how Facebook will make money from Libra, which hasn’t launched yet. Introducing a a new cryptocurrency and other tools such as online shops will …
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Facebook is giving its digital wallet a branding makeover. The company said Tuesday that the Libra cryptocurrency wallet formerly known as Calibra will now be called Novi. The name change comes with a redesign of the wallet’s logo, which previously drew controversy over its similarity to that of banking startup Current. The Facebook subsidiary created to develop the digital wallet …
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E-commerce company Shopify on Friday said it’s joining the Libra Association. The addition is a bit of good news for Facebook’s cryptocurrency project after several members withdrew from the group after its debut last year. “As a member of the Libra Association, we will work collectively to build a payment network that makes money easier to access and supports merchants and …
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