Paypal
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PayPal to Use AI, Cut Costs, Save $1.5B Under CEO Lores
Paypal CEO Enrique Lores announced a major initiative to use AI for cost savings and product improvements.The company targets over $1.5 billion in gross...
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Paypal preps for activist defense amid bid rumors
Paypal is reportedly not engaged in any current sale talks with Stripe or other parties, according to Semafor.The fintech giant has been working with...
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PayPal files to form Utah industrial bank for crypto, loans
Paypal has applied for approval to establish a Utah-chartered industrial bank.This would enable the company to originate loans, hold deposits, and access payment networks...
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PayPal Applies to Launch Its First U.S. Bank for Small Business
Paypal Holdings has applied to open its first physical U.S. bank, chartered in Utah as an industrial loan company.The proposed bank would focus on...
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PayPal’s PYUSD Stablecoin Soars 224% Amid DeFi Boom
Paypal’s stablecoin PYUSD circulation has increased by 224% in three months.Decentralized finance (DeFi) protocols and user incentives are major growth drivers for PYUSD.Ethena, a...
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Paxos Accidentally Mints $300 Trillion of PayPal’s Stablecoin PYUSD
Paxos mistakenly created $300 trillion worth of Paypal's stablecoin, PYUSD.
The incident was an internal technical error and did not threaten customer funds.
All mistakenly minted...
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PayPal, Google Shares Rise on New AI-Powered Commerce Partnership
Paypal and Alphabet announced a new multi-year partnership to enhance digital commerce with Artificial Intelligence.PayPal will implement Google's Ai technology to develop new shopping...
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PayPal to Link Global Wallets, UPI, WeChat Pay This Fall
Paypal plans to launch a new platform called PayPal World in the fall, connecting domestic payment wallets to its global merchant network.
The service will...
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US Orders Anthropic to Disable AI Models Citing Security
Anthropic disabled its most advanced AI models, Claude Fable 5 and Mythos 5, for all users after a U.S....
Bitcoin’s Bear-Market Low Could Be Higher: Research
New research from Galaxy Digital suggests Bitcoin's bear market bottom could be higher than in past cycles, with a...
Blockchain Boosts ESG Data Credibility via Tokenization
Blockchain technology offers a solution for building tamper-resistant, shared ESG records that multiple stakeholders can trust without a single...
