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Crypto Corner Podcast 839: Stocks discussed: (NasdaqGS: PYPL) (NYSE: SHOP) (NYSE: GME)

PayPal Looking to Integrate More Blockchain and Crypto Services, Crypto.com Announces Pay for Shopify Merchants, and GameStop Launches Digital Asset Wallet

 

Vancouver, Kelowna, Delta, BC - May 23, 2022 (Investorideas.com Newswire) Investorideas.com, 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:

https://www.investorideas.com/Audio/Podcasts/2022/052322-CryptoMarket.mp3

Crypto Corner Podcast 839: Stocks discussed: (NasdaqGS: PYPL) (NYSE: SHOP) (NYSE: GME)

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PayPal Looking to Integrate More Blockchain and Crypto Services, Crypto.com Announces Pay for Shopify Merchants, and GameStop Launches Digital Asset Wallet

Stocks discussed: (NasdaqGS:PYPL) (NYSE:SHOP) (NYSE:GME)

Cointelegraph reports that PayPal (NasdaqGS:PYPL) is "doing its best to bring all possible blockchain and cryptocurrency integrations to its services." This is what the company's vice president Richard Nash said in an exclusive statement to Cointelegraph at the World Economic Forum (WEF) today. Nash went on to say:

"Just walking slowly in the crypto shield with buys or holds in certain jurisdictions. [...] Looking to work with others to embrace everything we can, whether it'd be the coins that we have today in PayPal digital wallets, private digital currencies or CBDCs in the future."

So far, PayPal has already rolled out buy, hold, and sell services for Bitcoin (BTC).

Cryptocurrency platform Crypto.com recently announced that merchants on Shopify Inc. (NYSE:SHOP) can now enable the Crypto.com Pay feature on their online storefronts which will "expand their reach by giving customers more ways to make their purchases with cryptocurrencies." As part of the launch of this, Crypto.com is waiving the 0.5% settlement fee on all transactions for one month after the feature is integrated. John S. Lee, Lead of Blockchain Ecosystem at Shopify, said:

"We're happy to welcome Crypto.com to help Shopify merchants provide an additional fast and convenient way for customers to pay for their online orders. Our growing blockchain ecosystem demonstrates our commitment to supporting merchants with alternative payment methods on their storefronts, helping to further expand what's possible in commerce."

GameStop Corp. (NYSE:GME) has launched its digital asset wallet which allows "gamers and others to store, send, receive and use cryptocurrencies and non-fungible tokens (NFTs) across decentralized apps without having to leave their web browsers." According to the press release, the GameStop Wallet is a self-custodial Ethereum (ETH) wallet, which can be downloaded from the Chrome Web Store. Also, the wallet will enable transactions on GameStop's NFT marketplace, which is expected to launch in the second quarter of the firm's fiscal year.

Sam Mowers, Investorideas

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