PayPal Expands Cryptocurrency Services to US Businesses

PayPal is expanding its cryptocurrency services to US businesses, allowing them to buy, sell, and hold crypto directly through their accounts. The move comes in response to growing demand from business owners and aims to make cryptocurrency more accessible to a wider audience. This announcement follows PayPal’s launch of its own stablecoin, PayPal USD, last year.

Ark Invest Makes Major Trades: PayPal, Pinterest, and Bitcoin ETF

Cathie Wood’s Ark Invest made significant trades on Monday, buying shares in PayPal and Pinterest while selling its stake in the ARK 21Shares Bitcoin ETF. These moves come amidst mixed sentiments about PayPal’s future and Pinterest’s growth, while Bitcoin’s value saw a surge before experiencing a slight decline. Ark Invest also made other key trades across its various ETFs.

Democrats Target Peer-to-Peer Payment Companies in Push for Government Control

A coalition of prominent Democratic politicians is pushing legislation that would significantly impact peer-to-peer payment companies like PayPal, Venmo, and Zelle. This legislation, the Protecting Consumers from Payment Scams Act, aims to hold these companies responsible for any scams that occur on their platforms, potentially hindering their operations and driving users away. This move is seen as an attempt by the Democratic party to exert greater control over the financial sector and promote government-run cryptocurrency solutions.

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