PayPal: News 31 Jan 2024 [Business](https://www.newsbytesapp.com/news/business) [PayPal reduces workforce by 9%, 2,500 jobs affected ](https://www.newsbytesapp.com/news/business/paypal-lays-off-2-500-employees-amid-rising-competition/story) PayPal is set to slash 2,500 jobs, or 9% of its global workforce, as it faces stiff competition from rivals like Apple, Zelle, and Block.27 Oct 2023 [X](https://www.newsbytesapp.com/news/business/twitter) [X will replace banks next year, says Elon Musk](https://www.newsbytesapp.com/news/science/elon-musk-aims-to-oversee-full-financial-life-of-x-users-by-2024-end/story) Elon Musk revealed his plan to turn X into a comprehensive financial solution by the end of 2024, as revealed during his latest all-hands meeting with X employees.08 May 2023 [Research](https://www.newsbytesapp.com/news/science/research) [PayPal co-founder Peter Thiel seeks cryonic preservation.What is it?](https://www.newsbytesapp.com/news/science/billionaire-peter-thiel-signs-up-for-cryogenic-preservation/story) Peter Thiel, who co-founded PayPal in 1998, wants his body to be frozen once he dies so that he could be brought back to life in the future.01 Feb 2023 [PayPal faces job cuts amid economic slowdown; 2,000 employees axed](https://www.newsbytesapp.com/news/business/paypal-to-lay-off-7-of-its-workforce/story) PayPal has announced that it is axing 2,000 employees or roughly 7% of its workforce.
19 Jul 2022 [Instagram users can now pay for purchases directly in Chat](https://www.newsbytesapp.com/news/science/instagram-introduces-payment-for-shopping-via-dms/story) Instagram has made shopping a lot easier on the app.The company has announced that users can now pay for products directly within Chat.28 Jun 2022 [Elon Musk](https://www.newsbytesapp.com/news/science/elon-musk) [Happy birthday Elon Musk: Tracing his life and key milestones](https://www.newsbytesapp.com/news/business/happy-birthday-elon-musk-life-and-achievements/story) Tesla and SpaceX CEO, Elon Musk, has been an enigma to many.05 Feb 2021 [Australia](https://www.newsbytesapp.com/news/world/australia) [NewsBytes Briefing: Google learns blackmailing Australia doesn’t work, and more](https://www.newsbytesapp.com/news/science/newsbytes-briefing-google-learns-blackmailing-australia-doesn-t-work/story) They say it doesn’t hurt to try, but Google will beg to differ; especially, if that involves blackmailing entire countries.05 Feb 2021 [E-commerce](https://www.newsbytesapp.com/news/business/e-commerce) [PayPal will shut down domestic payments business in India](https://www.newsbytesapp.com/news/business/paypal-will-shutter-domestic-payments-business-in-india/story) PayPal will be shutting down its domestic payment services from April 1.
The move will not affect international transactions, as small and large Indian businesses can continue to receive/send money from/to their international contacts.17 Dec 2020 [Bitcoin](https://www.newsbytesapp.com/news/business/bitcoin) [Bitcoin breaks through $20,000 to reach all-time high](https://www.newsbytesapp.com/news/business/bitcoin-surpasses-20-000-for-the-first-time/story) Bitcoin on Wednesday broke through $20,000 for the first time ever following a sustained powerful rally for the world’s largest and most well-known cryptocurrency.25 Feb 2020 [ZDNet](https://www.newsbytesapp.com/news/business/zdnet) [Hackers are mysteriously stealing from PayPal accounts for online shopping](https://www.newsbytesapp.com/news/science/hackers-are-abusing-paypal-bug-for-shopping/story) PayPal, one of the biggest payment platforms in the world, has been marred by a major, albeit unknown, security flaw.13 Nov 2019 [#NewsBytesExplainer: What is Facebook Pay, how to use it?](https://www.newsbytesapp.com/news/science/what-is-facebook-pay-how-to-use-it/story) In a major move, Facebook has launched its own payments system to enable seamless peer-to-peer transfers and purchases across all its products.12 Oct 2019 [Why eBay, Mastercard, Visa ditched Facebook’s Libra cryptocurrency project](https://www.newsbytesapp.com/news/business/ebay-mastercard-visa-bailing-on-facebook-s-libra-cryptocurrency/story) When Facebook announced Libra in June, it had promised a digital token for personal and store payments.17 Nov 2018 [Noida](https://www.newsbytesapp.com/news/india/noida) [Six held in Noida for using malware to dupe foreigners](https://www.newsbytesapp.com/news/india/noida-6-held-for-duping-foreigners-using-malware/story) Six persons were arrested from Noida on Thursday for allegedly using malware to lock up computers of American and Canadian citizens and then demanding money to fix it, police said yesterday.
11 Oct 2018 [Mumbai Metro Rail Corporation](https://www.newsbytesapp.com/news/mumbai/mumbai-metro-rail-corporation) [Soon, Mumbai Metro commuters can recharge smart cards via PayPal](https://www.newsbytesapp.com/news/science/mumbai-metro-partners-with-paypal/story) Reliance Infrastructure’s Mumbai Metro has partnered with PayPal, one of the biggest platforms in the world for global online payments.23 Jun 2018 [Artificial Intelligence and Machine Learning](https://www.newsbytesapp.com/news/science/artificial-intelligence-and-machine-learning) [PayPal to acquire Simility, AI-based fraud specialist, for $120 mn](https://www.newsbytesapp.com/news/business/paypal-to-acquire-california-based-fraud-prevention-company-simility/story) Digital payments giant Paypal has signed a deal to acquire Palo Alto-based fraud prevention solutions provider Simility for $120 million.It is an all cash deal.04 Jun 2018 [Pride Month](https://www.newsbytesapp.com/news/world/pride-month) [How the gay leaders of the corporate-world are changing perceptions](https://www.newsbytesapp.com/news/world/the-gay-leaders-in-the-corporate-world/story) It’s Pride Month, and celebrities are once again in the public to take forward the LGBT campaign.
And rightly so.08 May 2018 [India](https://www.newsbytesapp.com/news/india/india) [#FinancialBytes: 6 apps that help you send money aboard](https://www.newsbytesapp.com/news/business/list-of-popular-apps-for-sending-money-abroad/story) Sending money abroad was once an extremely complicated process but the advent of technology and Internet has made the process quite simple and fast.12 Feb 2018 [Paytm](https://www.newsbytesapp.com/news/business/paytm) [Love to quiz? These apps help you learn and earn](https://www.newsbytesapp.com/news/science/learn-and-earn-mobile-quiz-apps-which-pay/story) Quizzers and people with a thirst for knowledge are in for some good news.08 Nov 2017 [India](https://www.newsbytesapp.com/news/india/india) [US-based PayPal officially launches domestic operations in India](https://www.newsbytesapp.com/news/business/paypal-enters-indian-digital-payments-space/story) Upping the competition in the Indian digital payments space, global online payments pioneer PayPal has officially launched domestic operations in India.
30 May 2017 [Peter Thiel](https://www.newsbytesapp.com/news/world/peter-thiel) [Personalized medicines: Silicon Valley doctor calls for optimized treatment](https://www.newsbytesapp.com/news/world/is-silicon-valley-choosing-performance-over-health/story) Dr.Molly Maloof isn’t your everyday doctor but one that believes that one can only stay healthy by ‘optimizing one’s health’.04 Apr 2017 [India](https://www.newsbytesapp.com/news/india/india) [Start-up pitching “love” against “porn” fails to impress investors](https://www.newsbytesapp.com/news/science/start-up-promoting-consensual-sex-struggles-with-funding/story) MakeLoveNotPorn (MLNP) lets its users upload videos of them engaging in consensual sex.15 Mar 2017 [Gmail rolls out new feature to send and request money](https://www.newsbytesapp.com/news/science/send-and-receive-money-through-gmail-now/story) Gmail users can now send, receive and request money through their Gmail app on Android.17 Jan 2017 [Donald Trump](https://www.newsbytesapp.com/news/politics/donald-trump) [Paypal founder Peter Thiel considering running for California governor](https://www.newsbytesapp.com/news/world/paypal-s-peter-thiel-may-run-for-california-governor/story) Silicon Valley billionaire Peter Thiel is reportedly considering to run for California governor in 2018, according to three major Republicans.20 Aug 2016 [Federal Bureau of Investigation](https://www.newsbytesapp.com/news/world/federal-bureau-of-investigation) [Berkeley’s Premier Cru wine seller pleads guilty to fraud](https://www.newsbytesapp.com/news/world/berkeley-s-phantom-wine-ponzi-scheme/story) John E.Fox, the owner of Premier Cru, a wine shop in Berkeley, has pleaded guilty to running a wine-ponzi scheme.19 Aug 2016 [Nigeria](https://www.newsbytesapp.com/news/world/nigeria) [Nigeria: A major hub for African e-commerce start ups](https://www.newsbytesapp.com/news/business/start-ups-fixing-nigeria-s-online-payments-problem/story) Even 3 years ago, online payment systems in Nigeria were inefficient and often led to failure of payments..
