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PayPal Enables Crypto Transfer For Venmo According to PayPal ’s most recent earnings statement, Venmo — which PayPal acquired in 2013 — completed a total of $245.3 billion in transactions involving fiat currency in 2022 alone. In order to launch the new transfer mechanism, PayPal has formed a strategic partnership with Paxos, a cryptocurrency company that specializes in stablecoins. advertisement Read More: Can Terra’s New USTC Repeg Proposal Bring LUNC Price Back To $1? While speaking about the new development, the firm was quoted as saying: We’re excited to connect Venmo’s customers to the community, other wallets and exchanges, and we intend to continue to roll out additional crypto products and services in the year ahead. Trending Stories Planning To Buy Dip? Top 5 Cryptocurrencies Testing Key Support 24/7 Cryptocurrency News Rising Supply Pressure Traps XRP Price In Narro...

According to the latest report from the Wall Street Journal, big U.S. banks are collaborating to launch a Digital wallet . This wallet can be used by people to shop online and will cause direct competition with PayPal and Apple Pay . Some of these banks include Wells Fargo, Bank of America, JP Morgan Chase, and four others. All these banking giants are working to build a wallet that can be used for online checkout and payments with merchants and can also be linked with their debit and credit cards. JUST IN: 🇺🇸 US banks team up to launch a Digital wallet to compete with PayPal & Apple Pay . — Watcher.Guru (@WatcherGuru) January 23, 2023 The digital wallet will be managed by Early Warning Services LLC Early Warning Services LLC will be managing the Digital wallet , which is also operating the money transfer service, Zelle. The Digital wallet has not been given a name yet according to EWS. The new digital wallet is likely to begin off...