Day: April 25, 2025

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Coinbase platforms to provide fee-free purchases and easy 1:1 redemption of PayPal USD while companies jointly explore new payment use cases

SAN JOSE, Calif., April 24, 2025 /PRNewswire/ — PayPal Holdings, Inc. (NASDAQ: PYPL) and Coinbase Global, Inc. (NASDAQ: COIN) today announced an expansion of their partnership to increase the adoption, distribution, and utilization of the PayPal USD (PYUSD) stablecoin. This collaboration will provide value for consumers, enterprises, and institutions as they continue to utilize digital currencies across platforms and borders with the stability of regulated USD-denominated crypto-native assets.

“For years, we’ve worked with Coinbase to enable a best-in-class integration to provide a simple, familiar way for PayPal users to fund crypto purchases on Coinbase. Our objectives aligned further as we deployed PYUSD in combination with our payments expertise enabling greater commerce applications,” said Alex Chriss, President and CEO, PayPal. “We are excited to drive new, exciting, and innovative use cases together with Coinbase and the entire cryptocurrency community, putting PYUSD at the center and driving further utility and adoption for digital currencies among developers, customers, and other users.”

This partnership will give Coinbase‘s millions of customers direct access to PYUSD while also enabling the thousands of institutions already using crypto increased utility with PYUSD. Additional details include:

• 1:1 PYUSD to USD conversions– Coinbase users will now be able to buy, sell, trade PYUSD with no platform fees, while also being able to redeem PYUSD 1:1 for US dollars directly on Coinbase platforms.
• Payments related activities – The two companies are committed to collaborating on a variety of innovations that will help accelerate the adoption and utility of stablecoin based solutions for the purposes of moving or managing money around the world, particularly in commerce.
• DeFi exploration – Coinbase and PayPal agree to explore new use cases for PYUSD in DeFi and onchain platforms.

“We’re excited to be partnering with PayPal. Their more than 430 million consumer and merchant accounts offer an unprecedented opportunity to increase stablecoin adoption globally,” said Brian Armstrong, CEO, Coinbase.

This agreement expands on the previous work between the two companies announced in 2021, enabling Coinbase users to use their PayPal accounts for immediate and direct funding of purchases on Coinbase and making withdrawals of fiat currency from Coinbase.

For more information about PYUSD, visit www.paypal.com/pyusd.

About PayPal USD (PYUSD)
PayPal USD is issued by Paxos Trust Company, a fully chartered limited purpose trust company. Paxos is licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services. Reserves for PayPal USD are fully backed by U.S. dollar deposits, U.S. Treasuries and similar cash equivalents, and PayPal USD can be bought or sold through PayPal and Venmo at a rate of $1.00 per PayPal USD.

About PayPal:
PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. For more information, visit https://www.paypal.com, https://about.pypl.com/ and https://investor.pypl.com/.

PayPal, Inc. (NMLS ID #: 910457) is licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services.

About Coinbase
Crypto creates economic freedom by ensuring that people can participate fairly in the economy, and Coinbase (NASDAQ: COIN) is on a mission to increase economic freedom for more than 1 billion people. We’re updating the century-old financial system by providing a trusted platform that makes it easy for people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and fast, free global transfers. We also provide critical infrastructure for onchain activity and support builders who share our vision that onchain is the new online. And together with the crypto community, we advocate for responsible rules to make the benefits of crypto available around the world.

Contact: Media Relations, mediarelations@paypal.com

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SOURCE PayPal Holdings, Inc.

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This post was originally published on this site

The cryptocurrency market is heating up again, and XRP price prediction headlines are making a comeback. With Ripple’s XRP currently hovering around the $2 mark, analysts are eyeing a massive move — potentially up to $6.5, representing a nearly 200% gain from current levels.

A new analysis from a respected trader known as Cryptarch_ has fueled the bullish sentiment. Based on technical indicators and broader market dynamics, the case for a breakout in XRP is gaining traction — especially with Bitcoin (BTC) trading well above $90,000.

Descending Triangle Pattern Signals Breakout

According to Cryptarch_, XRP’s current price pattern is forming a Descending Triangle on the chart — a formation often seen before a bullish breakout. His analysis, posted on TradingView, shows a tightening range with the lower highs pressing down and a steady support base — all classic signs of an imminent move.

Another crucial indicator is the Relative Strength Index (RSI), which had been declining for months but is now reversing to the upside. This shift implies a momentum change, with buying pressure beginning to outweigh selling. In short, the bulls may be gaining control.

Strategic Levels to Watch in the XRP Price Prediction

Cryptarch_ outlines several critical resistance levels that XRP must overcome on its way to the target price of $6.5. These include:

• $2.49 
• $3.00 
• $3.39 

Among these, the $3.00 mark is especially significant. On March 2, 2025, XRP experienced a sharp rally at that level, making it a psychological and technical threshold. If Ripple can break and hold above this price, it could create a new foundation for a sustained move upward.

His suggested trading setup includes a buy entry at $2.10 and a stop-loss at $2.00, which keeps downside risk minimal while allowing exposure to the potential upside.

May 10 Could Be a Pivotal Date for XRP

Circle your calendars for Saturday, May 10, 2025. That’s the date the analyst believes will be decisive for XRP’s trajectory. If the coin breaks above the $3 resistance, it could accelerate toward the $6.5 mark. On the flip side, a rejection at that level could send XRP tumbling back to support at $1.61.

Whether XRP will soar or stall hinges heavily on Bitcoin’s performance, which continues to influence the altcoin market. With BTC currently trading at $91,872, well above the key $89,000 support zone, the broader crypto environment remains bullish — and that’s good news for Ripple.

What Could Push XRP to $6.5?

There are several factors that could drive XRP to the ambitious $6.5 target:

• Bitcoin Strength: A strong BTC price often lifts the entire altcoin market, including XRP. 
• Improved Sentiment: With Ripple’s long-standing legal battle with the SEC winding down, investor confidence is returning. 
• Technical Breakout: The Descending Triangle formation and rising RSI point toward strong technical momentum. 

The upper target proposed by Cryptarch_ is $6.82, but he suggests locking in profits at $6.5 to avoid the next potential resistance zone. The idea is to secure gains before any significant reversal.

Bottom Line: Is Now the Time to Buy XRP?

While no one can predict crypto markets with 100% certainty, the XRP price prediction scenario laid out by Cryptarch_ provides a clear, data-driven outlook. With a defined risk-reward setup, multiple resistance levels mapped, and a critical date approaching, XRP could be positioning itself for one of the year’s most talked-about rallies.

For crypto traders watching the altcoin space, XRP is one to keep on the radar — especially as May 10 approaches and Bitcoin continues to flex its influence.

For investors seeking high-upside opportunities in the crypto market, Ripple’s XRP could soon deliver a breakout worth watching very closely.

Stay alert—XRP’s momentum may surprise traders with unexpected gains as technical patterns, bullish sentiment, and Bitcoin’s rally align in Ripple’s favor.

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