Latest news with #MetaMask
Yahoo
10 hours ago
- Business
- Yahoo
PayPal Taps $3?Trillion Crypto Market
PayPal (NASDAQ:PYPL) is rolling out Pay with Crypto for merchants, tapping a $3 trillion plus market by enabling instant crypto?to?stablecoin or fiat conversions. The new service supports 100+ cryptocurrencies including Bitcoin (BTC?USD), Ethereum (ETH?USD) and wallets like Coinbase (NASDAQ:COIN) and MetaMask. Warning! GuruFocus has detected 4 Warning Sign with PYPL. At a 0.99% fee, Pay with Crypto cuts transaction costs by up to 90% versus international credit cards, says CEO Alex Chriss, removing barriers and helping every business of every size achieve their goals. Pay with Crypto will be available to US merchants in the coming weeks, offering instant settlement to broaden global reach without the usual integration headaches. Merchants can accept payments in crypto, convert on the fly and receive dollars in their PayPal accountssidestepping volatility and complex wallet management. This move could make PayPal the go?to network for cross?border sales and put pressure on legacy payment processors to slash fees. Why it matters: Ultra?low fees and broad crypto support could lock merchants into PayPal's ecosystem and reshape global e?commerce payments. Investors will be watching merchant sign?ups and fee revenue growth once the service goes live. This article first appeared on GuruFocus.
Yahoo
11 hours ago
- Business
- Yahoo
PayPal Expands Crypto Payments for U.S. Merchants to Cut Cross-Border Fees
Digital payments giant PayPal (PYPL) said it is rolling out a service that lets U.S. merchants accept over 100 cryptocurrencies in payment for purchases as it aims to cut cross-border fees. The feature, dubbed Pay with Crypto and available in the coming weeks, enables shoppers to use crypto wallets like MetaMask and Coinbase at checkout. Payments can be made with digital assets such as bitcoin (BTC), ether (ETH), XRP (XRP) and stablecoins like USDC and USDT, covering 90% of the total crypto market cap. The merchants receive U.S. dollars, settling the transaction almost instantaneously, a spokesperson said Monday. The company will charge a 0.99% service fee, some 90% less than international credit card processing, PayPal said. "Businesses of all sizes face incredible pressure when growing globally, from increased costs for accepting international payments to complex integrations," President and CEO Alex Chriss said in a statement. "Imagine a shopper in Guatemala buying a special gift from a merchant in Oklahoma City," he cited as an example. "Using PayPal's open platform, the business can accept crypto for payments, increase their profit margins, pay lower transaction fees, get near instant access to proceeds, and grow funds stored as PYUSD at 4% when held on PayPal." The rollout extends PayPal's push into digital assets, which includes its U.S. dollar stablecoin (PYUSD) and recent partnerships to expand stablecoin use globally. Merchants can also earn yield on PYUSD balances held within PayPal accounts. Blockchain rails, especially stablecoins, are increasingly viewed as a cheaper and faster alternative for cross-border payments than traditional the banking in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14 hours ago
- Business
- Yahoo
Ethereum Wallet MetaMask Adds Stablecoin Yield With DeFi Giant Aave
MetaMask, the Ethereum-based crypto wallet, is offering its users the ability to earn interest on their stablecoins thanks to a new partnership with decentralized lending protocol Aave. The feature, called Stablecoin Earn, gives MetaMask's million-plus users access to yield on USDC, USDT and DAI without leaving their wallet. The earnings come from Aave's lending infrastructure, which offers yield in exchange for depositing assets that can be borrowed by others. Stablecoins, which have become one of the hottest areas in crypto thanks in part to new legislation in the U.S., grew out of the DeFi space initially. Earning passive yield on stablecoins inside the MetaMask wallet, which has been focused on staking services and Web3 access, removes the need to navigate complex decentralized finance (DeFi) interfaces or third-party platforms, the company said. MetaMask, built by core Ethereum development firm Consensys back in 2016 has a solid partner in Aave, which claims to be the largest DeFi lending protocol by total value locked at over $50 billion. The Mastercard-powered MetaMask payment card is also part of the integration, the companies said, allowing users to spend Aave's yield-bearing aUSDC directly in real-world transactions while continuing to earn yield until the moment of spending. 'MetaMask is the most popular way for people to access Web3, with millions of users. This partnership brings DeFi earning opportunities straight into the wallets people already use, helping them get more from their assets and take control of their financial future,' said Stani Kulechov, founder of Aave Labs in a statement. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14 hours ago
- Business
- Yahoo
PayPal to allow businesses to accept more than 100 cryptocurrencies
PayPal said Monday it will allow businesses to accept payments in more than 100 types of cryptocurrencies, including bitcoin and ethereum. Called "Pay with Crypto," the new service will allow consumers to use many types of cryptocurrencies to complete their purchases, as well as to use wallets such as Coinbase and MetaMask, the company said in a statement. After shoppers pay in crypto, the payments will automatically convert to fiat or stablecoin. PayPal has its own stablecoin, called PayPal USD, or PYUSD, which is backed by the U.S. dollar. The California-based company said the new service will simplify cross-border commerce, increase merchant's profit margins and reduce transaction fees associated with international credit card processing. PayPal is offering a 0.99% transaction rate until July 31, 2026, lower than the average credit card transaction rate, which typically ranges between 1.5% to 3.5%, according to NerdWallet. "Building on our 25+ years in payments, we let users link their wallet, pay with any token, convert it instantly to PYUSD, and deliver USD to merchants in seconds. The result? Merchants pay less in fees and can instantly use funds," Alex Chriss, president and CEO of PayPal, said in a post on X. Businesses can opt into a beta version of the new system in the coming weeks, according to a company spokesperson. Availability will expand later this year, they added. "Cryptocurrency promised a more affordable financial system and instant global transfers. But challenges persist: extreme price volatility, complex wallets prone to errors, and irreversible transactions with no easy way to issue refunds. Pay with Crypto helps relieve these challenges," said Chriss in another X post. PayPal is used by tens of millions of merchants around the world, according to a company spokesperson. Last week, President Trump signed the GENIUS Act into law, further embedding the digital currency in the mainstream. The first major crypto legislation ever passed by Congress, the GENIUS Act establishes a regulatory framework for the $250 billion stablecoin market. "The Wizard of Oz" as you've never seen it before New memo outlines plans for Qatari plane donated for Air Force One use Extreme heat scorches the East Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Forbes
15 hours ago
- Business
- Forbes
Why Telegram Can Be The Perfect Foundation For Digital Asset Neobanks
Alexander Sudeykin is a co-founder and Chief Growth Officer at Evaa Protocol, a leading lending protocol. Digital assets aren't just for the deeply technical anymore; a significant shift is underway. We're seeing protocols like aggressively rolling out cash cards and expanding its product suite with banking services. Even wallet giants like MetaMask are getting into the debit card game. The message from the market is loud and clear: The crypto world is now intensely focused on delivering that smooth, intuitive, bank-like user experience. The reality is, people aren't lining up to become DeFi wizards or blockchain architects. They simply want to feel their money is safe, easily accessible and firmly under their control. All of this without needing a Ph.D. in cryptography or navigating a dozen different interfaces. Can Telegram Really Be The Bedrock For Neobanks? As many Ethereum-based projects continue to build out distinct, separate applications, each demanding its own learning curve, The Open Network (TON) ecosystem is charting a different course. Instead of pulling users into entirely new digital environments, TON is strategically weaving sophisticated financial actions directly into Telegram—a platform over a billion people are using every month. Think about the implications. Inside the familiar confines of Telegram, essential financial tools like digital wallets and seamless USDT transactions are already working smoothly. Access to a universe of tokens, bustling marketplaces and chatbots is becoming a native part of how people communicate and manage their digital lives. This vision of deeply embedded finance isn't just aspirational; we have powerful precedents. Look at Alipay. Even back in 2020, it boasted 1.3 billion users and 80 million merchants worldwide, processing trillions in annual payments. PayPal, in 2024, handled $1.68 trillion in transactions across 434 million active accounts. Now, consider TON; its total DEX transaction volume recently shot past $10 billion, supported by nearly 2.1 million monthly active wallets. Further cementing this potential, TON became the exclusive blockchain infrastructure for all Telegram Mini Apps in January. A strategic partnership of this depth is poised to significantly fuel TON's growth and accelerate its adoption. Moreover, it has the potential to put TON and Telegram on the path of PayPal and Alipay for global users, offering even more flexibility, openness and decentralization. As an early DeFi lending protocol on TON, we at EVAA serve as a compelling illustration of this native integration. Users can stake USDT and access yield directly through the Telegram interface, without needing to switch between browser tabs or connect external wallets. The goal is to make the process simple and accessible. The User Dilemma: Complexity Vs. Simplicity Lately, there's a palpable, growing disconnect between what much of the digital assets world is building and what everyday users truly need. On one side, you have the powerful Web3 ideals: true decentralization, self-custody and cutting out unnecessary intermediaries. However, on the other side, you have the vast majority of people who primarily crave simplicity, comfort and security in their finances. They want to feel confident that their money is safe. The more the DeFi space dedicates to intricate onboarding, the clearer it becomes. Most folks don't want the burden of being their own bank in the most technical sense. Bridging The Gap: Where Trust Meets Technology The projects and platforms that successfully bridge this chasm—the gap between profound technical complexity and that essential feeling of trust and ease—will define the next-generation neobank. Because, at the end of the day, people aren't actively searching for a decentralized protocol; they're searching for peace of mind. They crave financial tools that are not just powerful but also empowering through their simplicity. Tools that make them feel confident in control, not perpetually overwhelmed. And perhaps, just perhaps, the foundation for that first truly compelling mass-market digital asset neobank isn't a flashy new fintech app. Maybe it's already here, sitting quietly on our phones, used multiple times a day. That familiar blue icon we tap every morning to check our messages could be the key. Finance Where You Already Live TON, with its uniquely deep and increasingly seamless Telegram integration, is making an exceptionally strong case. It suggests the future of accessible, user-friendly Web3 finance might just be built where users already congregate, communicate and live their digital lives. The challenge ahead, for TON—and for projects like EVAA building upon it—is to continue meticulously crafting that frictionless experience. It's about layering in the sophisticated, powerful tools of DeFi in a way that feels utterly natural. It should be almost invisible to someone who simply wants to save, spend, borrow or earn. Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. Do I qualify?
