PayPal goes all-in: crypto now open for business 😤💸; Visa is acquiring Featurespace to bolster AI-driven fraud prevention 🤖💸; Klarna & Adyen join forces to revolutionize in-store payments 💳🛍️

FinTech is Eating the World, 26 September

Hey Everyone,

Good morning & happy Friday! Today’s issue is an absolute banger 😤 We’re looking at PayPal going all-in with crypto and opening up for business (what it means & what’s next + bonus dives into PayPal), Visa which is acquiring Featurespace to bolster AI-driven fraud prevention (why it matters & what’s next + bonus deep dives into both Visa & Mastercard), and Klarna that just teamed up with Adyen to revolutionize in-store payments (what does it tell us & what can we expect next + bonus dive into both Klarna & Adyen). So let’s jump straight into the game-changing stuff 🌶️

PayPal goes all-in: crypto now open for business 😤💸

The news 🗞️ In a move that further solidifies its position in the cryptocurrency space, payments giant PayPal PYPL 0.00%↑ has announced the expansion of its digital asset capabilities for US merchants.

As of September 2024, US-based businesses can now buy, hold, and sell cryptocurrency directly through their PayPal business accounts, mirroring the functionality already available to individual users since 2020.

Let’s take a quick look at this, see why it matters, and what’s next.