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Crypto Corner Podcast 678: Stocks discussed: (NasdaqGS: PYPL) (NasdaqGS: COIN) (TSXV: BNXA)

PayPal Introduces New App with All-In-One Crypto Services, Coinbase Drops Lending Service, and Banxa Holdings Launches Sell Functionality


Point Roberts, WA and Delta, BC - September 21, 2021 ( Newswire), a leader in crypto and blockchain investing news brings you today's edition of the Crypto Corner podcast and commentary on what's driving cryptocurrency stocks and the crypto market.

Listen to today's Crypto Corner Podcast:

Crypto Corner Podcast 678: Stocks discussed: (NasdaqGS: PYPL) (NasdaqGS: COIN) (TSXV: BNXA)


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Stocks discussed: (NasdaqGS:PYPL) (NasdaqGS:COIN) (TSXV:BNXA)

PayPal (NasdaqGS:PYPL) has introduced a new all-in-one, personalized app, boasting new features and services, and which allows a single place to buy, hold and sell crypto. A user's PayPal account includes a personalized dashboard with a finance tab that includes access to "high yield savings and crypto capabilities." Dan Schulman, president and CEO of PayPal, said:

"We're excited to introduce the first version of the new PayPal app, a one-stop destination for our customers to take charge of their everyday financial lives, with new features like access to high yield savings, in-app shopping tools for customers to find deals and earn cash back rewards, early access Direct Deposit, and bill pay. Our new app offers customers a simplified, secure and personalized experience that builds on our platform of trust and security and removes the complexity of having to manage multiple financial or shopping apps, remember different passwords and track loyalty rewards."

Bloomberg reports that Coinbase (NasdaqGS:COIN) has decided to drop Lend, its crypto lending service "that would pay users interest for lending out their tokens." The article attributes Coinbase's decision to lawsuit threats from the U.S. Securities and Exchange Commission (SEC). An excerpt from a September 17 blog post from the company reads:

"As we continue our work to seek regulatory clarity for the crypto industry as a whole, we've made the difficult decision not to launch. We had hundreds of thousands of customers from across the country sign up and we want to thank you all for your interest. We will not stop looking for ways to bring innovative, trusted programs and products to our customers."

Banxa Holdings Inc. (TSXV:BNXA) has announced the launch of a sell function in EURO, GBP and AUD for end users. According to the press release, this will enable Banxa's usersto buy digital assets through its platform, and also to sell "their digital assets back to fiat currency." Banxa CEO Holger Arians said:

"This product upgrade is a critical piece of our roadmap. It is our goal to continue to bring new payment methods and services to our partners and end users. This is in line with our vision of global reach and local presence. I'm proud of the work done by our technology and compliance teams to ensure that our Payments and Reg-Tech platform is market leading."

Sam Mowers, Investorideas

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