PayPal
Google ready to dip its feet in blockchain as it eyes more advancements
Google is looking into crypto as part of its financial services growth plans Google’s parent entity, Alphabet Inc., revealed yesterday it had hired former PayPal executive Arnold Goldberg to take charge of its payments division. The tech company is ramping up efforts towards expanding financial services, an endeavour that includes cryptocurrencies. “Crypto is something we pay a lot of attention to […] As user demand and merchant demand evolves, we’ll evolve with it,” Google’s president of commerce, Bill Ready, told Bloomberg. The company’s current payments platform, Google Pay, allows contactless transactions, in-app, and online purchases. The service is available on select user devices, including smartwatches, tablets, and Android mobile devices. Accord...
Google hires Paypal exec to push crypto payments services
Facebook WhatsApp Reddit Twitter Shares The tech giant Google has hired former PayPal exec, Arnold Goldberg, to oversee its payments services division.“The move is part of a broader strategy to team up with a wider range of financial services, including cryptocurrencies,” Google’s president of commerce Bill Ready told Bloomberg.Google has further established its footprint in the crypto world. “Crypto is something we pay a lot of attention to. As user demand and merchant demand evolves, we’ll evolve with it,” Ready said.The firm is working through various partnerships and cryptocurrency integrations to enable its users to keep crypto assets in their digital cards while spending fiat currencies.Goldberg was formerly the Senior VP of Merchant Product and Technology at PayPal. .ub805f59458850f...
Ramp expands presence in US with FinCEN regulation
On Tuesday, crypto-fiat gateway payments platform Ramp announced that its U.S. subsidiary Ramp Swaps LLC had received its registration as a Money Service Business with the Department of Treasury’s Financial Crimes Enforcement Network. The regulatory greenlight enables Ramp to do business in 38 states across the United States. Besides the development, Ramp also has regulatory clearance with the United Kingdom’s Financial Conduct Authority and Poland’s Financial Supervision Authority. Ramp allows users to buy crypto directly in their wallets and decentralized applications, or DApps. Last year, the company grew its transaction volume by approximately 30x. It has partnerships with over 400 blockchain entities worldwide, including Axie Infinity, Mozilla, Opera Browser, Aave, T...
PayPal reportedly confirms plans to explore the launch of a stablecoin
American fintech giant PayPal Holdings has reportedly confirmed its intent to launch its own stablecoin named PayPal Coin. The development of an in-house stablecoin was first discovered in the source code of Paypal’s iPhone app by developer Steve Moser. Confirming the evidence found on the PayPal app, Jose Fernandez da Ponte, PayPal’s SVP of crypto and digital currencies, told Bloomberg News: “We are exploring a stablecoin; if and when we seek to move forward, we will of course, work closely with relevant regulators.” PayPal Coin logo found inside of PayPal app. Source: PayPal iPhone app Moser’s finding uncovered that PayPal is in the works of building PayPal Coin, which will be backed by the United States dollar. However, a PayPal spokesperson clarified that the source codes of the iPhone...
Carry1st Partners with Chipper Cash & PayPal For Digital Payments Across Africa
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Bitcoin Surges Above $50,000 for First Time Since May
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Take Control of Your Company’s Digital Transformation – Register for #DTF2021
Join the DTF 2021 as an attendee – https://itnewsafrica.com/events/event/digital-transformation-congress-webinar/ Change is Inevitable Digital transformation is as inevitable as the passage of time. The new will replace the old, as the axiom goes. Business leaders and company executives must evolve their organisations, or risk extinction in the future when attempting to transform too late proves too little. One doesn’t need to go far for practical examples of this. In 2020, companies either adapted to the new normal or contemplated filing bankruptcy. The onset of the COVID-19 pandemic was an unprecedented and entirely unexpected event. Remember when “Remote Work” was just a novel idea? Time will continue to present these events – these unexpected drastic changes, and forward-minded l...
Undiscovered Software Bug Triggered Massive Internet Outages Worldwide
Image sourced from Newsweek. /* custom css */ .tdi_4_b0c.td-a-rec-img{ text-align: left; }.tdi_4_b0c.td-a-rec-img img{ margin: 0 auto 0 0; } A massive internet-wide outage struck the web on Tuesday. Several major websites were impacted by the outage that originated at Fastly, a key content delivery network that supports many major companies and sites online. Websites affected included huge internet cornerstones like Reddit, Twitch, Amazon, PayPal, Spotify and CNN amongst many others. Many websites weren’t taken off the internet completely but were affected in other ways. PayPal users complained that payments weren’t being processed, Twitter users were unable to post certain emojis. /* custom css */ .tdi_3_cec.td-a-rec-img{ text-align: left; }.tdi_3_cec.td-a-rec-img img{ margin: 0 auto 0 0;...
Flutterwave Partners with Paypal to Transform eCommerce Payments for African Merchants
PayPal has joined forces with Flutterwave to allow PayPal users around the world to pay African merchants through Flutterwave’s platform. This collaboration is expected to be ‘instrumental’ in supporting SMEs and freelancers to overcome the many challenges presented by the highly fragmented and complex payment and banking infrastructure, as well as connecting them with more than 377 million PayPal account holders globally. Traditionally, Africa’s eCommerce ecosystem has lacked suitable payment solutions to meet the demand for seamless transactions worldwide, further constraining its contributions to the global digital economy. However, this collaboration hopes to eliminate significant barriers that have previously hindered African consumers and businesses from the untapped potential of cro...
Top 10 Most Imitated Brands for Phishing Attempts
In a brand phishing attack, cybercriminals try to imitate the official website of a well-known brand by using a similar domain name or URL and web-page design to the genuine site. The link to the fake website can be sent to targeted individuals by email or text message, a user can be redirected during web browsing, or it may be triggered from a fraudulent mobile application. The fake website often contains a form intended to steal users’ credentials, payment details or other personal information. According to Check Point Research, Microsoft was the brand most frequently targeted by cybercriminals. The most likely industry to be targeted by brand phishing was technology, followed by shipping and retail, showing how threat actors are using well-known brands in these sectors to tric...
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