payments

PayPal Holdings Inc (NASDAQ: PYPL) said Tuesday  will offer cryptocurrency withdrawal services, allowing funds to be withdrawn to external wallets and exchanges. What Happened: Digital currencies and assets, such as Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Litecoin (...

Sam Bankman-Fried, the billionaire founder and CEO of crypto exchange FTX, believes that Bitcoin (CRYPTO: BTC) has no future as a payments network. What Happened: In an interview with the Financial Times on Monday, Bankman-Fried said that more energy-efficient proof-of-stake blockchains would be...

A Discover Financial Services (NYSE: DFS) representative gave a statement to Benzinga clarifying its payment card network's role in Apple Inc. (NASDAQ: AAPL) Apple Cash digital payment cards service. What Happened: A Discover spokesperson told Benzinga that while the...

A job posting by Apple, Inc. (NASDAQ: AAPL) has given rise to speculation that the company could be interested in cryptocurrencies. What Happened: The tech giant posted on its website details regarding the opening for the position of senior legal counsel, Apple Pay & Wallet. The company sought...

While there is heightened geopolitical risk and macro uncertainty, the U.S. labor market remains solid, according to BofA Securities, which made rating changes to four stocks in the payments sector Wednesday.  The Payments Analyst: In separate reports, analyst Jason Kupferberg changed the...

Payments company Block Inc (NASDAQ: SQ) reported nearly $2 billion from Bitcoin (CRYPTO: BTC) revenue alone — but Bitcoin gross profit was only 2% of that figure. What Happened: In its fourth-quarter and full-year financial results reported on Thursday, Block said its Bitcoin revenue in...

Affirm Holdings Inc (NASDAQ: AFRM) mentioned certain key drivers of its growth in the company’s second-quarter earnings call.  Apple Inc (NASDAQ: AAPL): Affirm said its Canadian business more than tripled in size due to new partnerships including with the Tim Cook-led Apple. That...

Loup Funds’ analysts Gene Munster, Doug Clinton, and Andrew Murphy talked about Apple Inc’s (NASDAQ: AAPL) “Tap to Pay” feature and how it affects its rival purveyor of Square devices Block Inc (NYSE: SQ).  What Happened: Munster said that Apple’s move has created...

Cathie Wood-led Ark Investment Management on Thursday further raised its exposure in the U.S. listed Chinese electric vehicle maker Xpeng Inc (NYSE: XPEV) on the dip, and sold nearly all its balance shares in Paypal Holdings Inc (NASDAQ: PYPL). The popular money managing firm bought 57,657...

Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc (NASDAQ: PYPL) after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival Block Inc (NYSE: SQ) instead. The...

Apple Inc (NASDAQ: AAPL) is reportedly working on integrating credit card acceptance directly into the iPhone. What Happened: The Tim Cook-led company has been working on a service that will allow its iPhone users to accept credit cards directly through their devices negating the need for extra...

Bitcoin’s (CRYPTO: BTC) annual settlement volume officially exceeded the payments volume of Visa Inc. (NYSE: V) last year, Cathie Wood-led Ark Investment Management said in a research report. What Happened: Bitcoin’s cumulative annual transfer volume in 2021 surged 463% from the prior...

Ford Motor Company (NYSE: F) and privately-held payment processor Stripe have signed a five-year agreement to scale the automaker’s e-commerce capabilities.  What Happened: Ford and Stripe will bolster the online payment infrastructure serving customers and dealers across North America...

Shares of Afterpay Ltd (OTC: AFTPY) (OTC: AFTPF) are dropping in Sydney after the company delayed a shareholder meeting to vote on a $29 billion deal with Square Inc (NYSE: SQ). What’s Moving? Afterpay shares traded 5.65% lower at AUD 100.48 in Sydney at press time. In an announcement,...

Apex cryptocurrency Bitcoin (CRYPTO: BTC), which has already exceeded PayPal Holdings Inc. (NASDAQ: PYPL) in terms of transaction volume, could surpass Mastercard Inc. (NYSE: MA) “in time,” according to blockchain intelligence firm Blockdata. What Happened: Bitcoin could attain the...