PayPal Launches Stablecoin in Crypto Push
Online payments firm PayPal launched a U.S. dollar stablecoin on Monday in a bid to boost the usage of cryptocurrencies for online payments and transfers. PayPal's shares rose by 1% following the announcement.
Pegged to the U.S. dollar, this currency is defined as a stablecoin...
PayPal Stock Falls Following Cool Q2 Earnings Report
PayPal Holdings shares plunged by almost 9% during premarket trading on Thursday after the company's second-quarter financial results fell short of expectations.
The company reported an adjusted operating margin of 21.4% for the quarter, below estimates of 22% as indicated by data from Refinitiv IBES....
PayPal Backtracks on its Decision to Fine Users $2,500 for “Misinformation”
The online payment service PayPal is nixing its controversial decision to impose a fine for its users for misinformation. The company apologized for the “confusion” the decision caused and said it was an unfortunate error.
Late last week, PayPal issued an update to its policy...
PayPal Aims to Save Up to $900 Million by Cutting Costs in 2022
PayPal is joining a long list of tech firms focused on saving money and cutting unnecessary costs. The online payment system recently announced a goal to save up to $900 million for the rest of 2022 by employing various cost-cutting methods.
It is considered that...