PayPal Ventures Deeper into Crypto, Franklin Templeton Files for Bitcoin ETF, Meta Builds AI Model, Coinbase Integrates Lightning Network
Summary:
PayPal expands its crypto services, enabling users in the US to convert cryptocurrencies to US dollars directly from their wallets. Franklin Templeton applies for a spot Bitcoin ETF, joining other major investment firms. Meta is developing a powerful AI model to rival OpenAI's system, and Coinbase confirms integration of the Bitcoin Lightning Network for faster transactions. Stay updated with the latest crypto business news in Crypto Biz.
PayPal quietly expands its presence in the crypto space, unveiling new features and partnerships to advance its digital assets strategy. This week, the fintech giant introduced new on-ramps and off-ramps for cryptocurrencies, allowing its US clients to easily convert their crypto to US dollars. This move is significant as many crypto firms in the country struggle with supporting fiat-crypto conversions due to regulatory crackdowns. Meanwhile, asset manager firm Franklin Templeton filed for a spot Bitcoin ETF, joining a growing list of major investment firms seeking approval for a Bitcoin investment product. The entrance of new participants in the digital assets world signals the increasing mainstream adoption of crypto, despite the bearish market. In other news, social media giant Meta is developing a powerful AI model to rival OpenAI's advanced system, while crypto exchange Coinbase confirms its integration of the Bitcoin Lightning Network to facilitate faster and cheaper transactions. Stay updated with the latest developments in the crypto business world with Crypto Biz, delivered every Thursday.
Published At
9/15/2023 9:00:00 PM
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