PayPal

    • PayPal says will shun crypto assets as investment tools

      PayPal says will shun crypto assets as investment tools

      The PayPal payments platform said it is not likely to invest in cryotocurrences, Reuters said quoting interview with Chief Financial Officer John Rainey. Earlier in October 2020 PayPal said it would allow customers to hold bitcoin and other virtual coins in its online wallet, and shop using cryptocurrencies at merchants on its network.

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    • PayPal acquires shopping reward site Honey for $4bn

      PayPal acquires shopping reward site Honey for $4bn

      PayPal announced Wednesday it has agreed to acquire Honey Science Corporation, the makers of a deal-finding browser add-on and mobile application, for $4bn, mostly cash. The acquisition, which is PayPal’s largest to date, will give the payments giant a foothold earlier in the customer’s shopping journey. Instead of only competing on the checkout page against credit cards or Apple Pay, for example, PayPal will leap ahead to become a part of the deal discovery process, as well.

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