PayPal Launches Stablecoin PYUSD to Boost Crypto Payments
PayPal’s jumping on the crypto train with their very own stablecoin: PayPalUSD, or PYUSD for short. What’s that mean? Well, they’re promising every PYUSD token is backed up by real U.S. dollars. So, in theory, 1 PYUSD should always equal $1.00, and you can buy or trade them right on PayPal’s app or site. Here’s […]
PayPal Subsidiary Venmo to Launch Cryptocurrency Transfers
Listen to the Podcast: PayPal, which owns Venmo, said on April 28 that users will soon be able to send and receive cryptocurrency with the app. Users will be able to move money to Venmo, PayPal, and third-party wallets and exchanges starting in May, according to that statement. When moving money to an external wallet […]
Americans Must Report on PayPal, Venmo Payments of $600
The Internal Revenue Service is advising tax filers to prepare to record transactions of at least $600 that are done through so-called “third-party” facilitators such as Venmo and PayPal. Form 1099-K must be filed by American business owners who receive payments of $600 or more annually through apps such as Zelle, Cash App, Venmo, and […]
Elon Musk Net Worth, Biography, Salary, Girlfriend and More [Updated 2024]
Listen Podcast Elon Musk net worth is estimated at $266.1 billion. Everyone wants to be rich and also wants to know about wealthier people. The rich guys are idolized by the younger generation, while veterans regard them as successful. The list of wealthy guys on the earth is long, but we’ll focus on the world’s […]
PayPal is Launching Own Stablecoin
PayPal, a well-known international financial technology corporation, has reportedly expressed interest in “exploring” the possibility of developing its own stablecoin, which is a cryptocurrency tied to the value of fiat money or a reserve asset such as gold, silver, or other precious metals. Developer Steve Moser noticed references to “PayPal Coin” within the company’s iOS […]
