PayPal goes all-in on crypto remittances 🚀; Public Square acquires Credova to expand BNPL options for conservative customers 💸; Klarna co-founder acquires large stake through offshore entity 👀

FinTech is Eating the World, 15 March

Hey Everyone,

Good morning! Due to technical issues, we’re finishing another interesting FinTech week on Saturday. We’re going to look at PayPal that’s going all-in on crypto remittances (what it’s all about & what it means + what’s next & some bonus deep dives), Public Square buying Credova (& making conservative BNPL customers happy), and Klarna whose co-founder acquires large stake through an opaque structure (what’s happening + a deep dive into Klarna). Let’s jump straight into the good stuff 🌶

PayPal goes all-in on crypto remittances 🚀

The news 🗞️ In a bold move to boost the adoption of their PYUSD stablecoin and revive their struggling Xoom remittance brand, finance giant PayPal PYPL 0.00%↑ has announced it will soon allow fee-free international money transfers when funded with PYUSD.

Let’s take a look at this, uncover what it means and why it’s important for PayPal going forward.