The Defiant·
The payments giant will fold PYUSD, Braintree, and merchant processing into a new Payment Services & Crypto division, marking the first time digital assets have a dedicated home within the company.
Read full articleGoogle and PayPal told Consensus Miami AI agents will run on crypto rails as bank accounts remain inaccessible. Senior figures from Google Cloud and PayPal told Consensus Miami on May 10 that the next wave of internet commerce will run…
Venmo's restructuring could reshape fintech dynamics, impacting crypto strategies and investor confidence amid potential acquisition shifts. The post Venmo unveils major redesign as PayPal restructures for potential sale appeared first on Crypto Briefing.
The post PayPal and Google Cloud Say Crypto Is Only Viable Payment Layer for AI Agent Economy appeared on BitcoinEthereumNews.com. AI agents cannot open bank accounts making crypto the only payment option. Google launched Agentic Payments Protocol AP2 with 120 partners globally. Only 20% of merchants have machine readable catalogs despite 95% seeing AI traffic. AI agents can browse the web, negotiate services, and execute tasks autonomously. But they cannot open a bank account. Not because the process is difficult. Because it is structurally impossible under current technological and regulatory frameworks. That single constraint, laid out at CoinDesk’s Consensus Miami conference, is reshaping how the technology industry thinks about the future of payments. “An agent cannot get a bank account. It’s not hard, it just is impossible,” said Richard Widmann, global head of Web3 strategy at Google Cloud. Crypto, he argued, fills the gap naturally. It is a machine-readable interface that agent
The rapid growth in tokenized gold trading highlights a shift towards digital assets, raising concerns about market concentration and regulatory risks. The post Tokenized gold trading volume hits $90.7B in Q1 2026, surpassing entire 2025 total appeared first on Crypto Briefing.
Grayscale outlined why it believes the CLARITY Act matters for crypto regulation and how the bill could affect digital asset markets. The firm said the proposal could shift oversight away from enforcement-led regulation and toward clearer rules for regulators, developers and investors. Grayscale Frames CLARITY Act as a Crypto Rulebook Crypto asset manager Grayscale Investments […]
The post Quantum-Proof Wallets: Crypto Firms Race to Secure Digital Assets Ahead of Protocol Upgrades appeared on BitcoinEthereumNews.com. TLDR: Crypto firms are upgrading wallets to post-quantum MPC signatures before blockchain protocols make the same shift. NIST-approved algorithms like ML-DSA are being evaluated for distributed signing compatibility across wallet systems. Institutions with existing MPC infrastructure can migrate to quantum-resistant wallets through a simple code upgrade. Wallet-level upgrades alone cannot fully protect users if underlying blockchain networks do not follow with protocol changes. Quantum-proof wallets are becoming a priority for crypto companies as the threat of quantum computing draws closer. Firms are now upgrading their wallet infrastructure faster than blockchain networks can update their core protocols. The concern stems from estimates suggesting a “Q-Day” scenario could arrive as early as 2030. One recent report by Project Eleven warns that quan
PayPal CEO Enrique Lores used the company’s first-quarter earnings call to outline an AI-driven turnaround, telling investors the fintech giant must recommit to its technology roots by aggressively adopting AI across development, customer service, and risk management. Lores announced a dedicated AI transformation team reporting directly to him, tasked with redesigning core processes function by […]
PayPal is pitching an AI-led turnaround, tying automation and restructuring to $1.5B in savings as it cuts jobs and works to modernize its tech stack.
