OFFICIAL LETTER with Letterhead: PayPal Letter Final
Dear Mr. Schulman,
As of the first minute of April 16, 2021 PayPal terminated my client, Robert David Steele, by terminating the PayPal account of Earth Intelligence Network, a 501c3 educational corporation in good standing with the IRS and also the recipient of a Gold Star transparency award from Guidestar, a leading evaluator of non-profit endeavor competency and integrity. A copy of the termination letter is attached.
Blockchain may change equities trading for good
Paxos is now making use of for a everlasting SEC licence to compete with the DTCC. It’s unclear whether or not the SEC will agree, or if Paxos might even scale as much as snip on the heels of the DTCC behemoth, which dealt with $2,150tn price of trades final yr. As Emmanuel Aidoo, digital markets head at Credit score Suisse, observes tactfully: “Innovation in blockchain know-how is [still] incremental.”
Even so, buyers ought to take word. For one, the deal is a reminder that there’s extra to blockchain than the cryptocurrencies corresponding to bitcoin that additionally use the know-how. Whereas apparent to crypto insiders, this level must be proclaimed loudly given how bitcoin grabs a lot public and political consideration.
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PayPal CEO Reveals Plans for New Crypto Unit
PayPal is riding high.
The company posted blowout fourth quarter 2020 financial results last month thanks to spectacular growth in its core app and Venmo unit, and from the success of its new buy-now-pay-later service. The firm is expecting an even bigger 2021 as the pandemic leads more consumers to embrace e-commerce and to turn away from cash altogether.
None of this means that CEO Dan Schulman is resting easy, however.
In an exclusive interview with Decrypt, Schulman explained how PayPal is racing to adopt the next era of financial technology, including by launching a business unit dedicated to cryptocurrency, first announced last month.
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