April 3, 2025 - Mega Stock Alert

Crypto.com Integrates PayPal for Crypto Payments in EU

Written by Stephanie Bedard-Chateauneuf on April 3, 2025. Posted in Cryptocurrency. Leave a Comment

This post was originally published on this site

Crypto.com, a leading cryptocurrency exchange, has expanded its payment options for European Union (EU) users by allowing them to fund crypto purchases directly through PayPal. This move marks a significant step in making crypto payments accessible to a broader audience and bridging the gap between traditional finance and the fast-growing digital asset market. The integration aims to simplify the purchasing process for millions of European users looking to explore or expand their presence in the crypto space.

Bridging Traditional Finance with Digital Assets

The new PayPal integration allows Crypto.com users in the EU to use their PayPal accounts for cryptocurrency purchases. This feature is designed to reduce friction for users who may hesitate to link a traditional bank account or use a credit card directly for crypto transactions. By leveraging PayPal, which is widely recognized and trusted for online payments, Crypto.com hopes to make the process of entering the crypto market more seamless and less intimidating for everyday users.

Many users are still cautious about engaging with digital currencies, often because they’re unfamiliar with the processes involved. By offering a familiar and secure payment method like PayPal, Crypto.com is addressing these concerns, making it easier for people to buy and invest in cryptocurrencies without needing to understand the complexities of traditional banking methods.

PayPal Expands Its Role in Digital Assets

PayPal (NASDAQ:PYPL) has been increasingly involved in the world of digital assets, expanding its crypto offerings in recent years. This includes enabling users in select markets to buy, sell, and transfer cryptocurrencies through their PayPal accounts. The integration with Crypto.com is part of PayPal’s broader strategy to promote cryptocurrency adoption and usage globally.

In addition to supporting transactions in popular digital currencies like Bitcoin (BTC) and Ethereum (ETH), PayPal has also launched its own stablecoin, PayPal USD (PYUSD), which is backed by U.S. dollar reserves. This stablecoin is designed to provide a stable medium of exchange for PayPal’s global user base, and it has been integrated into PayPal’s services, including international transfers via Xoom, a PayPal-owned platform. The move to bring PayPal payments to Crypto.com’s EU users highlights the growing influence of PayPal in the digital asset ecosystem.

Crypto.com’s Strategic Expansion

Crypto.com, a prominent player in the crypto exchange space, continues to expand its services globally while navigating a challenging regulatory environment. The company recently received a significant boost when the U.S. Securities and Exchange Commission (SEC) decided not to take any enforcement action against the exchange following a lengthy investigation. This decision comes at a time when Crypto.com has been pushing to extend its services to new markets and improve its platform’s user experience.

Nick Lundgren, the Chief Legal Officer at Crypto.com, commented on the SEC decision, stating, “Under the previous administration, the SEC weaponized and attempted to expand its congressionally granted power in order to harm an industry that its former chair disfavored.” The company’s focus now is on strengthening its presence in regions like the EU and continuing to innovate in the cryptocurrency space.

The Future of Crypto Payments in the EU

The integration of PayPal payments into Crypto.com’s platform is a significant milestone for both companies. As digital currencies gain more mainstream acceptance, the move provides an easier entry point for EU users looking to interact with the crypto market. This integration not only benefits consumers but also signals a shift toward the mainstream acceptance of cryptocurrencies as a legitimate form of payment and investment.

The success of this feature will likely prompt other exchanges to explore similar partnerships, making crypto payments more integrated into the global financial system. As PayPal continues to expand its crypto services, and as more countries develop regulatory frameworks for digital assets, the relationship between traditional finance and cryptocurrency will only deepen. The new feature could serve as a model for future collaborations between the crypto and traditional finance sectors, leading to greater innovation and broader adoption.

Conclusion

With PayPal’s involvement in crypto transactions now extended to Crypto.com users in the EU, the bridge between traditional finance and digital assets has grown even stronger. This new integration simplifies the purchasing process and encourages more people to explore the world of cryptocurrency. As more companies, like PayPal, take steps to expand their crypto offerings, the market will likely continue to mature, offering users easier and more secure ways to engage with digital assets.

Featured Image: Freepik © ruslan_ivantsov

Please See Disclaimer

Crypto Executives Lobby Congress for Stablecoin Interest

Written by Stephanie Bedard-Chateauneuf on April 3, 2025. Posted in Cryptocurrency. Leave a Comment

This post was originally published on this site

The debate surrounding stablecoin regulation has reached new heights as several crypto executives are pushing Congress to allow stablecoin issuers to pay interest on their U.S. dollar-pegged tokens. This proposal has ignited heated discussions among lawmakers, financial institutions, and crypto industry leaders alike.

What Are Stablecoins?

Stablecoins are digital assets pegged to stable assets, such as the U.S. dollar, to minimize volatility. They are widely used for transactions within the crypto space and serve as an alternative to traditional banking systems. Stablecoin issuers hold large reserves, often in U.S. Treasury bonds or other cash equivalents, to maintain the peg to the dollar.

Currently, these issuers generate interest from their holdings but do not share the returns with token holders. Instead, the interest earned remains within the issuing companies. The crypto executives advocating for change argue that it’s unfair for crypto firms to be excluded from offering interest payments while traditional banks do so for their depositors.

The Proposal: Paying Interest on Stablecoins

Proponents of the proposal believe that stablecoin issuers should be allowed to share the interest they earn with token holders. One prominent voice in this push is Coinbase CEO Brian Armstrong, who has criticized the government’s stance on the issue. Armstrong stated, “The government shouldn’t put its thumb on the scale to benefit one industry over another,” highlighting the need for equal treatment between the banking and crypto sectors.

By offering interest, stablecoin issuers could create a new incentive for users to hold digital assets, which could, in turn, encourage broader adoption of cryptocurrencies. This move could potentially open the door for new financial innovations within the crypto space, making stablecoins more competitive with traditional banking products.

Concerns From the Banking Sector

Opponents of allowing interest payments on stablecoins argue that this could disrupt the traditional banking system. The American Bankers Association has voiced significant concerns, suggesting that paying interest on stablecoins could lead to the migration of deposits away from regulated financial institutions, thus destabilizing the banking system.

The banking sector’s main fear is that the ability of crypto companies to pay interest could attract a large number of consumers, diverting capital from banks. This could limit the banks’ ability to provide loans and other financial services, potentially reducing their ability to act as the backbone of the economy. Furthermore, there is concern that such a move could place taxpayers at risk of bearing the costs of any financial losses should stablecoins face issues with liquidity or other risks.

Stablecoin Regulation: Congressional Bills

As the stablecoin regulation debate intensifies, Congress is actively considering bills that would establish a regulatory framework for stablecoins. However, these bills have varied approaches to the issue of interest payments.

The House Financial Services Committee approved a bill on April 2, 2025, that would explicitly prohibit stablecoin issuers from paying interest. This bill seeks to maintain the traditional role of banks in offering financial products and services. Conversely, a bill that passed through the Senate Banking Committee in March 2025 is less clear on this issue, with the GENIUS Act (Growing the Economy with New and Innovative Uses of Stablecoins) being on a fast track for approval due to its bipartisan support.

Despite the differences in the bills, both sides agree that stablecoin regulation is essential for ensuring the stability of the crypto market. However, the inclusion of interest payments as part of this regulatory framework remains a contentious point that will likely continue to be debated in the coming months.

The Future of Stablecoin Regulation

The push for stablecoin issuers to pay interest highlights the evolving nature of cryptocurrency regulation. As the market for digital assets grows, regulatory bodies face increasing pressure to adapt traditional financial rules to accommodate these new technologies. The debate over interest payments underscores the growing importance of stablecoins in the financial ecosystem.

As Congress continues to review the bills and stakeholders on both sides present their arguments, the future of stablecoin regulation will shape the broader crypto landscape. Should interest payments be allowed, it could mark a significant shift in how digital assets are integrated into the global financial system.

Ultimately, the resolution of this debate will have long-lasting implications for the stability and growth of both the crypto and traditional banking sectors.

Featured Image: Freepik

Please See Disclaimer

AEON Integrates with TON to Drive Mass Adoption of In-Store Crypto Payments within the TON Ecosystem

Written by CryptoCurrencyNews on April 3, 2025. Posted in Cryptocurrency. Leave a Comment

This post was originally published on this site

SINGAPORE, April 2, 2025 /PRNewswire/ — AEON, the next-generation payment protocol supporting all major chains to simplify crypto payments and drive crypto mass adoption, is now extending its comprehensive crypto payment solutions to support $TON and TON-native USDT. This strategic move will enable seamless in-store crypto payments and reinforce AEON’s role in transforming the crypto landscape, enhancing the real-world usability of TON and TON-USDT. With this development, AEON’s cutting-edge payment suite will empower millions of users within the TON ecosystem and Telegram’s growing crypto community, facilitating seamless and efficient digital asset transactions.

As part of this expansion, AEON has been featured on TON’s official website, marking a significant step in the integration of AEON’s payment infrastructure within the TON network. This recognition highlights AEON as a key service provider supporting $TON and TON-native USDT for transactions within Telegram and beyond.

Bringing Crypto Payments to Retail with AEON and TON

With the deep integration of TON into Telegram and the growing Web3 ecosystem, AEON is making it easier than ever for users to pay with cryptocurrency in their everyday lives. AEON’s latest development enables users to make in-store payments at a wide range of major retailers, including UNIQLO, McDonald’s, Pizza Hut, and more, using $TON and TON-USDT.

Through AEON Pay, available via popular Web3 wallets like Bitget Wallet and KuCoin Pay, customers can now purchase dining, shopping, and daily essentials in-store. This new functionality transforms TON and TON-USDT from digital assets into practical payment tools, bringing cryptocurrency into the heart of the retail experience.

AEON’s Crypto Payment Advantage

AEON is at the forefront of redefining the crypto payment landscape by offering a flexible and scalable infrastructure that supports multiple blockchains and tokens. This allows users to pay with mainstream cryptocurrencies as well as project-specific tokens, ensuring greater accessibility and convenience for crypto payments.

AEON’s ability to support diverse payment scenarios—from in-store purchases to online checkouts and emerging Web3 services such as subscriptions and tipping—accelerates the adoption of crypto in everyday life. Whether online or in-store, AEON’s ecosystem is fostering a seamless, borderless financial experience that enhances the utility of partner tokens and drives overall crypto adoption.

AEON’s Comprehensive Crypto Payment Suite

AEON’s full-spectrum crypto payment infrastructure is designed to make crypto payments as seamless as traditional finance, supporting diverse payment scenarios:

Web3 Mobile Payment: Enabling users to pay at physical retail locations using both mainstream cryptocurrency and the crypto assets they hold in popular wallets and exchanges with instant settlement. AEON Pay is also available through the Telegram Mini-App @AEONPay_pay_bot.

Online Web3 Payment: Powering e-commerce and digital services with a frictionless, secure Web3 checkout experience.

Swap Pay: Allowing effortless token conversions from different chains at the point of transaction, eliminating payment complexities and optimizing payment flexibility.

Emerging Payment Solutions: Continuously innovating to meet the evolving needs of the Web3 economy like subscriptions, tipping and pre-authorized service, ensuring scalable, borderless, and user-friendly crypto payment options.

AEON’s multi-chain interoperability, great reach and wide support for global merchants, and direct wallet and exchanges integrations make it one of the most advanced and user-centric crypto payment solutions available today.

Shaping the Future of Crypto Payments

By integrating with $TON and expanding the utility of TON-USDT, AEON is setting new standards for crypto payment accessibility, efficiency, and mainstream adoption. This development not only enhances the functionality of the TON blockchain within Telegram’s ecosystem but also reinforces AEON’s position as a pivotal player in the global shift towards crypto payment space.

As AEON continues to broaden its reach, more users and merchants worldwide will benefit from fast, secure, and borderless crypto payments, further bridging the gap between traditional finance and the Web3 economy.

The Open Network (TON) is a global, decentralized blockchain community focused on putting crypto in every pocket. By building the Web3 ecosystem in Telegram Messenger, TON’s vision is to empower 500 million users to own their digital identity, data, and assets by 2028. Learn more at https://ton.org/.

About AEON

AEON is the next-generation crypto payment protocol built to streamline crypto payments and drive crypto mass adoption. Supporting all major chains, including EVM, SVM, BNB ecosystems, and emerging networks like TON, AEON simplifies blockchain complexities and lowers payment hurdles.

AEON streamlines crypto payments with a versatile product suite designed for real-world adoption. Its Web3 Mobile Payment solution enables users to seamlessly pay with crypto assets at local retail stores, covering 10,000 brands and millions of merchants across Southeast Asia, Africa, and Latin America. AEON’s AI Payment feature empowers AI agents to execute crypto transactions on behalf of users, enhancing convenience and automation. Additional solutions include Online Web3 Payment, Swap Pay, and emerging Web3 payment solutions.

Website | X | Telegram | Medium

View original content:https://www.prnewswire.com/news-releases/aeon-integrates-with-ton-to-drive-mass-adoption-of-in-store-crypto-payments-within-the-ton-ecosystem-302418602.html