PayPal and Ledger Unite, Giving Access To Crypto In The U.S.
PayPal, one of the largest online payments, offers support for cryptocurrencies. The digital wallet provider announced today that it has partnered with a company called Ledger to start offering cryptocurrency trading.
PayPal's new service will allow users to send and receive digital assets from his PayPal account. According to the company, customers can now use Ledger hardware wallets, which are used to store cryptocurrencies such as Bitcoin and Ethereum, to pay with their PayPal accounts.
We are thrilled to partner with Ledger to bring this service to our customers, said Bill Ready, PayPal's senior vice president of product management, in a press release. “This integration will allow us to further accelerate crypto adoption by making it accessible through our global network and trusted brands.”
PayPal has been testing cryptocurrency payment options since March. But today's announcement shows that PayPal is expanding its support for all kinds of digital assets beyond Bitcoin and Ethereum.
“More and more companies are entering this space,” said James Morehead, marketing director at Coinlist, which helps startups deal with government regulatory issues related to digital currencies such as Bitcoin. It's been an interesting few months.
The details of the Grayscale ruling were not disclosed, but the tone suggested continued caution in assessing the market and infrastructure surrounding Bitcoin.
The OneCoin team compared its product to Bitcoin and other cryptocurrencies but had in place all the means to manipulate people into buying, the court noted.
The distinction between Web2 and Web3 gaming has gained exponential significance. Web2 gaming is typically characterized by centralized, self-contained ecosystems, while Web3 gaming embraces blockchain technology.
The Securities and Exchange Commission (SEC) has recently partnered with several artificial intelligence vendors to develop a machine learning algorithm capable of detecting fraudulent activity within its records.
The technicals have begun to turn bearish again. Despite a brief period of stability over the long weekend, Bitcoin’s price largely remained flat, hovering around the $26,000 mark, a notable area of concern.
The SEC has long been recognized as one of the most technologically advanced regulatory agencies within the United States. The agency has embraced technological innovations as early as 2000 with the launch of its first website, which was actually developed using functional markup language.
The SEC is reevaluating its earlier decisions on Bitcoin exchange-traded funds (ETFs) and digital asset manager Grayscale's application to convert its Bitcoin Trust into an ETF.
Gaming has evolved from the traditional gaming industry towards Web3, and higher level of sophistication. The distinction between Web2 and Web3 gaming has gained exponential significance by way of a transition in how the games are developed and played.
The OneCoin team compared its product to Bitcoin, but did not have a true blockchain.
In a new development, the SEC has resumed the review of proposals for funds that would invest in bitcoin. The review will take place over the next few months after it was put on hold earlier this year following an appeal from Grayscale Investments Ltd., who is seeking to launch the first-ever investment vehicle for buying and selling cryptocurrencies.