Latest news with #fiat
Yahoo
3 days 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.
Finextra
23-07-2025
- Business
- Finextra
Bitget Wallet partners MoonPay for stablecoin-to-fiat offramp
Bitget Wallet has partnered MoonPay to launch a fiat withdrawal feature that allows users to convert stablecoins directly into cash. 0 Through MoonPay, Bitget Wallet users can now sell USDT and USDC stablecoins for more than 25 fiat currencies, including USD, EUR and GBP, without having to go through centralised exchanges. Accessible via Bitget Wallet's "Sell Crypto" page, users in eligible countries can select their token and preferred fiat currency before completing the transaction via MoonPay's platform. As part of the process, users complete identity verification and select their withdrawal method through MoonPay. Supported payout options include Apple Pay and debit or credit cards via Visa and Mastercard. Jamie Elkaleh, CMO, Bitget Wallet, says: "This launch advances our Crypto for Everyone vision, making it easy for users to enter, use, and exit crypto while maintaining control of their assets."
Yahoo
22-06-2025
- Business
- Yahoo
Dollar Confidence Is Waning, Bitwise CIO Warns—Is Bitcoin The New Safe Bet?
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Confidence in the dollar and the fiat system, in general, is breaking down, and central banks are turning to gold while individuals are turning to Bitcoin, according to Bitwise investment chief Matt Hougan. Hougan said in a June 17 note that 54 years after the U.S. left the gold standard, the world is waking up to the reality that the fiat system may not make sense. 'Maybe printing money out of thin air, as we started to do in 1971, is actually a wild idea,' he said. "Maybe sound money requires limits. Put differently, people are starting to look around and ask: What the hell is fiat?' Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . Hougan cites a recent Financial Times report, which said that gold was once again becoming the anchor of the global economy as people questioned the core assumptions of the present system. Central banks have been rapidly accumulating gold in recent years, with spikes following the 2008 financial crisis and Russia's invasion of Ukraine in 2022. Amid this buying spree last year, gold surpassed the euro as the second most widely held reserve asset by central banks, behind only the dollar. Hougan said the flight back to gold came as governments started abusing fiat and accelerated after they began seizing it. He said the desire by central bankers to hedge their bets has only grown with the increasing temptation for the U.S. to devalue its way out of its ballooning $37 trillion debt. He notes that they are turning to gold because it is scarce, global, resistant to manipulation and non-sovereign. These characteristics, he points out, also apply to Bitcoin, which he says has become the alternative for individual investors. He cites the large capital inflows into Bitcoin exchange-traded funds since they started trading in January 2024 compared to gold. Trending: New to crypto? on Coinbase. Bitcoin ETFs have attracted $45 billion in net inflows. By comparison, gold ETFs have attracted only $34 billion. 'I see these as two sides of the same trade,' he said, comparing the flight of central banks to gold and the individuals to Bitcoin. Hougan said the main reason central banks still preferred gold boiled down to market size. At $2 trillion, Hougan said the Bitcoin market did not yet have the liquidity to support the entry and exit of central bankers at scale. But he said this might be changing as government demand grows. To be sure, several countries have started considering Bitcoin reserves following President Donald Trump's move in March to establish a U.S. reserve from seized assets. According to Hougan, whether it is gold or Bitcoin, the message is clear: investors are rethinking their portfolios to hedge against fiat risks. 'For the last forty years, we've been taught to diversify our portfolios by combining stocks and bonds,' he said. 'But no matter how you calibrate that—60% stocks and 40% bonds, or 70/30, whatever—you are still 100% exposed to fiat currency. People are realizing that those are rather risky waters to be swimming in.' Read Next: A must-have for all crypto enthusiasts: . Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Image: Shutterstock This article Dollar Confidence Is Waning, Bitwise CIO Warns—Is Bitcoin The New Safe Bet? originally appeared on 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
