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Ledger announces PayPal integration for cryptocurrency purchases

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Ledger announces PayPal integration for cryptocurrency purchases

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(Kitco News) –
PayPal is continuing to ramp up its engagement with blockchain technology and cryptocurrencies following the launch of its stablecoin earlier this month. On Wednesday, the online payments giant announced a new partnership with hardware wallet manufacturer Ledger that integrates PayPal into the company’s Ledger Live software.


According to the joint announcement from the two companies, the integration will allow U.S. residents with verified PayPal accounts to buy cryptocurrencies, including Bitcoin and Ether, directly through the Ledger Live platform with no additional verification steps.

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“Both PayPal and Ledger are focused on creating secure, seamless, and fast transactions no matter where you are in the world,” said Pascal Gauthier, Chairman & CEO of Ledger. “PayPal has remained at the forefront of the digital payment revolution for more than 20 years, and we are thrilled to come together in this next period of asset innovation with our integration.


Gauthier said that Ledger and PayPal want to “help facilitate a secure and seamless platform for user crypto transactions,” and the integration “provides greater optionality while giving users peace of mind converting dollars into crypto.”

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On Feb. 13, Gauthier tweeted that the company had sold 6 million Ledger Nano hardware wallets over the past seven years, calling it “an important milestone in Ledger’s mission to shape the future of Web3 consumer devices.”


PayPal has been making big waves in the blockchain space recently. On Aug. 7, the company shook up the cryptosphere when it announced the launch of its own U.S.-dollar-denominated stablecoin.


“Fully-backed, regulated stablecoins have the potential to transform payments in web3 and digitally native environments,” PayPal said. “To address that emerging potential, PayPal announced the launch of a U.S. dollar-denominated stablecoin, PayPal USD (PYUSD).”

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The new stablecoin, which is issued by stablecoin provider Paxos Trust Company, is fully backed by U.S. dollar deposits, short-term U.S Treasuries, and similar cash equivalents, the company said. The firm was issued a BitLicense by the New York State Department of Financial Services (NYDFS) in June, which enabled them to issue the stablecoin in partnership with Paxos.


The stablecoin can be used to send person-to-person payments, fund purchases, convert any of PayPal’s supported cryptocurrencies to and from PYUSD, and users can transfer the stablecoin between PayPal and compatible external wallets.

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“The shift toward digital currencies requires a stable instrument that is both digitally native and easily connected to fiat currency like the U.S. dollar,” said Dan Schulman, president and CEO of PayPal. “Our commitment to responsible innovation and compliance, and our track record delivering new experiences to our customers, provides the foundation necessary to contribute to the growth of digital payments through PayPal USD.”


PayPal first began offering access to cryptocurrencies on Oct. 21, 2020, allowing users to buy, hold, and sell Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), and Litecoin (LTC). In March 2021, the company expanded its cryptocurrency offerings to include Checkout with Crypto, which allows users to pay for goods and services with their cryptocurrency holdings at select merchants.


In June 2022, PayPal further expanded its cryptocurrency offerings by allowing users to transfer, send, and receive cryptocurrency between PayPal and other wallets and exchanges. As of August, PayPal users in the U.S., the U.K., Canada, Australia, and Singapore can buy, sell, hold, transfer, send, and receive the four supported tokens.

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The company said it plans to expand its cryptocurrency offerings to more countries in the future.







Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Technium International: Pioneering the Future of Cryptocurrency Trading

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Technium International: Pioneering the Future of Cryptocurrency Trading

In the rapidly evolving world of cryptocurrency and blockchain technology, Technium International has emerged as a significant player, quickly rising through the ranks of the tech giants. Founded in 2018 and based in Seychelles, Technium International gained recognition by leveraging the latest advancements in Artificial Intelligence (AI) and blockchain technology.

The company’s rise to prominence can be attributed to the leadership of its founder, Jacob Steffan, a seasoned expert in the blockchain industry since its early days in 2009. Under his guidance, Technium International has positioned itself as a global leader in cryptocurrency trading and technology. Steffan’s extensive knowledge of real-world applications and the transformative potential of blockchain has been instrumental in driving the company’s success.

Technium Matrix Protocol: A Groundbreaking Initiative

Central to Technium’s rapid ascent is the Technium Matrix Protocol (TMP), an innovative initiative that integrates cryptocurrency trading with big data analysis. TMP has not only transformed the landscape of cryptocurrency trading but also established Technium as a beacon of innovation and excellence in the tech industry. By utilizing a robust infrastructure that includes big data, cloud computing, and Graphics Processing Unit (GPU) rendering, Technium has optimized every aspect of the trading process.

Big data analytics provide deep market insights and risk assessments, cloud computing ensures scalability and real-time execution, and GPU rendering enhances the speed and efficiency of market monitoring and strategy adjustments. These technologies collectively ensure that Technium’s operations are efficient, secure, and profitable.

Technium Sentinel Strike: Streamlining Cryptocurrency Trading

Building on the success of TMP, Technium developed the Technium Sentinel Strike (TSS), an in-house strategy for cryptocurrency trading. TSS aims to streamline the trading process, offering users the tools to navigate the complex cryptocurrency markets with precision. By combining advanced technology with financial expertise, Technium has created unparalleled opportunities for individuals worldwide to confidently engage in cryptocurrency trading.

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TSS utilizes sophisticated algorithms to interpret vast amounts of data, surpassing traditional trading methods by offering superior insights and precision. This approach addresses several key barriers in the cryptocurrency trading market, including market volatility, misinformation, and complex interfaces.

Breaking Barriers in Cryptocurrency Trading

Technium aims to mitigate the challenges posed by market volatility, which often deters new traders due to unpredictable price swings. The platform enhances information reliability by filtering out misinformation and providing dependable sources for decision-making. To bridge the knowledge gap, Technium offers educational resources and simplified trading strategies, empowering newcomers with a better understanding of market dynamics.

Additionally, Technium simplifies complex interfaces and technical terminology, making trading more accessible to users of all experience levels. The platform also prioritizes customer support to address trader inquiries and issues promptly. By minimizing the human factor in trading, Technium reduces emotional decision-making and streamlines portfolio management processes, ensuring timely trade execution and maximizing profitability for users.

Expanding Blockchain Accessibility

With the growing global acceptance of cryptocurrency, Technium is poised to lead a transformative shift towards widespread blockchain adoption. The company’s forthcoming ecosystem is designed to include Real World Assets (RWA), game-fi, cloud mining, and cryptocurrency staking, representing a significant shift in blockchain accessibility and utilization.

Technium’s ecosystem aims to democratize access to blockchain technology, empowering individuals from all walks of life to participate in the digital economy. RWA integration brings tangible assets into the digital realm, while game-fi offers immersive experiences that incentivize engagement and education. Cloud mining allows users to participate in cryptocurrency mining without the hassle of hardware maintenance, and crypto staking transforms utility tokens into dynamic assets, earning rewards for passive income.

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At the heart of Technium’s ecosystem are robust AI algorithms that leverage big data for unparalleled insights and decision-making. The Technium Trading GPT (Generative Pre-trained Transformer) exemplifies this innovation, revolutionizing cryptocurrency trading with its predictive capabilities and real-time market analysis.

A New Era of Innovation and Empowerment

Through this comprehensive approach, Technium International is set to redefine the blockchain landscape, ushering in a new era of innovation and empowerment. By harnessing the collective power of AI, big data, and blockchain technology, the company is ready to make blockchain adoption a tangible reality for all, paving the way for a future where blockchain technology is accessible and beneficial to everyone.

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Cryptocurrency: Three Coins That Could Do 2X In June

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Cryptocurrency: Three Coins That Could Do 2X In June

Cryptocurrency investors are constantly on the lookout for coins that have the potential to generate substantial returns. Despite the recent market downturn, three prominent cryptocurrencies have emerged as strong contenders for achieving 2X gains in June. Ethereum (ETH), Solana (SOL), and Cardano (ADA).

These coins have demonstrated resilience and have the fundamentals in place to potentially double in value in the coming month.

Also read: Ripple: How High Can XRP Pump in June 2024?

Ethereum (ETH)

Ethereum has been at the forefront of the decentralized finance (DeFi) and non-fungible token (NFT) revolutions. Despite experiencing a 3.65% decrease in the past 24 hours, with a current trading price of $3,700.55, Ethereum’s strong fundamentals and upcoming network upgrades suggest that it could be poised for significant growth in June.

The 24-hour trading range for ETH is between $3,552.64 and $3,839.42, indicating a relatively volatile market. However, with the SEC approving ETH ETFs, Ethereum could be headed for a potential surge.

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Also read: Cryptocurrency: Top 3 AI Coins That Could Surge 100% in June

Solana (SOL)

Despite a 5.25% decrease in the past 24 hours, with a current trading price of $165.33, Solana’s impressive transaction throughput and low fees have attracted a growing number of developers and projects to its ecosystem.

The 24-hour trading range for SOL is between $162.87 and $180.17, indicating a relatively wide spread. As more projects build on the Solana network, the demand for SOL tokens could potentially surge. This could lead to a 2X price increase in June.

Also read; Top ERC-20 Cryptocurrencies To Buy Now As Ethereum ETF Approval Looms

Cardano (ADA)

Despite a 3.49% decrease in the past 24 hours, with a current trading price of $0.462, Cardano’s strong community and upcoming network upgrades suggest that it could be poised for significant growth in June.

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The 24-hour trading range for ADA is between $0.4486 and $0.4876, indicating a relatively narrow spread. Also, as more developers and users discover the potential of Cardano’s ecosystem, the demand for ADA tokens could potentially soar, leading to a 2X price increase in June.

While the cryptocurrency market is known for its volatility and unpredictability, Ethereum, Solana, and Cardano have emerged as strong contenders for achieving 2X gains in June.

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Shiba Inu dog that inspired “doge” meme, cryptocurrency Dogecoin dies

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Shiba Inu dog that inspired “doge” meme, cryptocurrency Dogecoin dies

Kabosu, the Japanese Shiba Inu dog that inspired the viral “doge” meme and the cryptocurrency Dogecoin, has died, her owner said Friday. She was 18 years old.

“She went very peacefully without suffering, as if falling asleep while feeling the warmth of my hands petting her,” owner Atsuko Sato posted on her Instagram account.

Kabosu, a rescue dog adopted by Sato in November 2008, became an internet sensation after a photo posted of her in 2010 went viral. The image spawned countless memes featuring her peculiar expression peppered with humorous captions in broken English.

A billboard in Times Square in New York displays signs for Dogecoin in July 2021. (Getty/Kyodo)

“I am certain that Kabosu was the happiest dog in the world. That makes me the happiest owner in the world,” Sato said, as she also thanked Kabosu’s fans.

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Kabosu also became the face of Dogecoin, a cryptocurrency created in 2013 initially as a parody of Bitcoin. The coin’s popularity skyrocketed after tech billionaire Elon Musk expressed his support, with each mention of the coin on X, then known as Twitter, leading to a buying frenzy.

“The impact this one dog has made across the world is immeasurable,” Dogecoin said on X in a tribute to Kabosu. “She was a being who knew only happiness and limitless love.”

A memorial ceremony is set to be held on Sunday in Chiba Prefecture near Tokyo.

 

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