The Crypto gravity center moves from the speculation to services. Paypal opens the door to peer-to-peer cryptocurrency transfers, which builds its growing existence in digital properties. Its stablecoin, pyusd, is $ 1 billion has been exceeded in market capitalization.
Google is a pilot of a payment protocol designed for AI agents, with built-in support for Stablecoins-featuring the role that crypto role can play that can be played in the emerging web economy.
Meanwhile, Bitcoin miners face lighter margins from increasing costs, higher levels of difficulty and growing competition. However many companies have evolved by pivoting the data-center and AI infrastructure, sending their sharing prices higher in recent weeks.
This week’s Crypto Biz covers PayPal’s P2P Rollout, the Bitcoin mining economy, the open-source economy of Google’s AI payment and the Bitwise bid for a new funds exchanged by the exchange (ETF) focusing on stablecoins and tokenization.
PayPal rolls a P2P crypto transfer with a new “link” feature
Paypal expands its peer-to-peer Offering with a new feature that gives us users to send and receive cryptocurrencies directly within Paypal and Venmo, without relying on external exchanges.
The service, called the PayPal Link, generates once links in the app that can be shared through text, email or chat. This feature will expand to Venmo, enabling direct transfers of cryptocurrencies and Paypal’s stablecoin, pyusd, between users.
For US customers, PayPal said personal friend-and-family crypto transfers will not trigger tax reporting to 1099-K, even if other types of crypto transactions can still be taxed
Rollout is part of the Paypal World, the company’s interoperability framework aimed at connecting purses and payment systems to the entire ecosystem.
Bitcoin miners outperform btc
Sharing many major Bitcoin mining companies grew stronger in the past month, even as Bitcoin’s (Btc) The price has slipped, reflecting investor optimism in miners who are expanding beyond crypto at AI data and infrastructure centers.
According to the latest report in the Miner Mag industry, public miners including Cipher Mining (CIFR), Terawulf (Wulf), BitFarms (BITF), Hive Digital Technologies (Hive) and Iris Energy (Iren) each gained at least 73% last month. At the same time, Bitcoin is less.
The rally arrives across the industry’s headwinds such as lighter income margins and increasing operating costs, slightly driven by Increasing Bitcoin mining difficulty. The next difficulty repair is expected to climb another 4.1%, mentioned by the Miner Mag to mark the first season with an average hashrate above a zetahash.
Google launches Open-Source AI Payment Protocol with StableCoin support
Google has opened a new open-source protocol enabling AI agents to receive paymentsDeveloped in collaboration with Salesforce, American Express and other major companies. A key feature of the system is support for Stablecoin transactions.
Stablecoin operating was created in collaboration with the Crypto Exchange Coinbase. The Ethereum Foundation is also consulted with the project.
This initiative constitutes the existing Agent2agent protocol of Google, which is designed to improve communication between AI agents. The payment protocol attracts backing from more than 50 technology partners, including PayPal and Salesforce.
Bitwise eyes stablecoin, tokenization etf
Crypto asset manager is pretty Filed to launch a new funds exchanged by the exchange Focused on stablecoins and tokenization, which aims to obtain the growing segments of blockchain adoption.
According to a filing with the US Securities and Exchange Commission (SEC), the proposed fund will monitor an index of companies involved in the sector – including Stablecoin issues, payment processors, crypto exchanges and other industry players. The ETF crypto sleeve will include regulated products exchanged by the exchange with exposure to bitcoin and ether (Eth).
Stablecoins have been One of the largest cases of crypto usewith over $ 300 billion in circulation, according to CoinMarketCap. Meanwhile, tokenized assets get momentum, with Wall Street heavyweights like Blackrock and Franklin Templeton moving into space.
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