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US online payments company’s appointment of Alex Chriss as new chief executive is designed to engender change
Plus, updates on the SEC’s latest crypto moves
An ultra-short survey of crypto regulation
US group unveils PayPal USD in bid to boost take-up of digital currency payments
Buyout group’s purchase of loans gives the online company some breathing room
Unbranded business faces stiff competition from the likes of Apple, Google, Affirm and Afterpay
It’s in you
Payments company says it will not renew deal with basketball team if its owner Robert Sarver remains in charge
Hedge fund takes $2bn stake amid paring back of grand plans
Digital companies that boomed during lockdowns hit by fears they cannot withstand a recession
Plus, Klarna’s big workforce cut and JPMorgan expects to lose up to $1bn on its new digital consumer bank
Growth is forecast to slow as online shopping stutters yet a 26% share slump looks overdone
Payments company says decline in volumes was worst among ‘lower-income cohorts’
Regulators around the world focus on threat of rising indebtedness from payment method
US payments group’s resources are better spent elsewhere
Creating a fully integrated social commerce website is easier said than done
Approach comes as online payments company uses strong stock price to pursue acquisitions
Lawyers say Elizabeth Holmes’s failure to make Theranos a viable business was not a crime
US online payment heavyweight is buying privately held BNPL group in Japan for ¥300bn
Japanese fintech group that pioneered zero-interest payments in the country was expected to list this year
The boss of the tech platform believes crypto can make the financial system more efficient and inclusive
Growing demand for cash predates the pandemic
Cryptocurrencies can be a store of value, like digital gold
Mania for the digital currency has prompted some big-name cheerleaders to put their hands in
PayPal’s entry into the bitcoin market on October 21 coincides with the recent bitcoin mega rally and some believe the two could be connected.
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