Marcos Ponce stole an estimated $1 million in funds from the affected PayPal accounts.
It's now easier to send money to Ukraine or any Ukrainian who has fled the country as a refugee.
It's expected to be called PayPal Coin and backed by the US dollar.
Set up automatic crypto purchases in the mobile app.
The feature operated as a Facebook-like news feed for your payments on Venmo, which could expose personal details about yourself to strangers on the app.
However, you won't be able to transfer any existing Bitcoin or Ethereum you own into your PayPal account. Instead, you'll have to buy the virtual currencies from the company.
According to PayPal, users will also be able to 'instantly convert their selected cryptocurrency balance to fiat currency,' in order to use the virtual cash to buy real goods from PayPal merchants.
Using one or the other of these two services, you can pay just about any person, app, or website. We tested each of them to find out how they differ, how they're similar, who you can pay with each service, and which one you is the best for you.
Venmo's clear focus and strong execution make it one of the best overall mobile-payment systems, as long as you understand the possible privacy concerns with its default settings.
PayPal is a convenient, easy to use, and ubiquitous payment platform, both for shopping online and now for paying friends, too, though Venmo still beats it in the latter case.
Pay in four installments over six weeks without any interest or fees applied and at no extra cost to merchants.
The decision affects thousands of performers who rely on PayPal to get paid.
From PCs, peripherals, and smart home tech to apps, games, and well beyond, in 16 top categories, these are the very best products we've tested all year. It's the ultimate holiday gift guide for the most deserving tech lovers on your list.
GoDaddy, Paypal, Stripe, and Joyent have all restricted Gab's access to its services after it was found that the Pittsburgh shooter used Gab to spread anti-Semitic messages.
InfoWars says PayPal gave it 10 days to find an alternate payment provider before terminating the service. The company joins Twitter, Facebook and YouTube in banning the site.
With Funds Now, you get access to your money 'within seconds' of a completed sale. It's rolling out now in the US, UK, and Australia and PayPal is accepting applications.
For better or worse, Venmo will make all your transactions over the app public by default and even encourage you to write a blurb about them. However, that data can also expose personal details about yourself, according to a privacy researcher.
If someone dies while owing PayPal money, PayPal sends out a letter acknowledging they are deceased while at the same time demanding full repayment and threatening to restrict access to their credit limit.
Add PayPal to one Google service and the entire Google ecosystem can use it to pay for stuff.
Cybercrime is generating at least $1.5 trillion in annual revenue, according to a new study from UK criminology expert Michael McGuire.