eBay UK to start allowing sale of Bitcoins on February 10- report

The UK website of e-commerce giant eBay will soon allow the sale of Bitcoins and other digital currencies under the Virtual Currency category, CNET reported.

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Asia's richest man invests in US startup BitPay

Li Ka-shing, the richest man in Asia, has just invested an undisclosed amount in BitPay, a US-based startup that provides services similar to a PayPal for bitcoins.

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Argentina's allows South America to crowdfund with bitcoins, a crowdfunding platform founded in Argentina, now allows people in seven Latin American countries to fund projects and startups using bitcoin in lieu of credit cards and PayPal.

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PayPal picks up San Francisco's StackMob to build a better mobile platform

Payments giant PayPal announced its acquisition of San Francisco-based mobile app developer StackMob for an undisclosed sum to help improve its mobile payments apps and services.

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Amazon quietly acquires Silicon Valley-based mobile payments startup GoPago for new project

E-commerce giant Amazon may have quietly bought Silicon Valley-based mobile payments startup Gopago for an undisclosed amount for a new "ambitious" project, according to Italian newspapers.

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Bitcoin is not a currency - PayPal CEO

PayPal president David Marcus played down the factors Bitcoin obtained in recent months as a potential currency and insisted that it is rather an asset, according to a VentureBeat article.

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PayPal invests in California gifting service Loop Commerce

California-based gifting service Loop Commerce has added a PayPal investment to its previously closed Series A round, increasing the round's total funding from USD7 million to USD12 million.

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Hacker group Anonymous pleads guilty in PayPal hack

Thirteen defendants said they were guilty of the cyber attack against PayPal three years ago. They were members of a hacker group known as Anonymous.

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Plastic cards continue to drive world away from true mobile payments

Brian Fung, in his report which appeared on The Switch at The Washington Post, said the world is moving away from true mobile payments as evidenced by the presence of plastic card offerings from various companies.

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Clypd picks up USD7.2 million in Series A-1 for short TV commercials

Massachussetts-based TV advertising platform Clypd raised USD7.2 million in Series A-1 funding from Atlas Ventures, Freestyle Capital, Boston Seed Capital, and angel investors John Battelle and Brightcove.

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PayPal forges partnership with Uber Technologies Inc

Internet payment platform PayPal forged a partnership deal with car service firm Uber Technologies in a bid to reach modern marketplaces that cater to mobile-savvy customers.

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PayPal's Startup Blueprint to assist startups in payment services, waives fees up to USD50,000

PayPal's startup initiative might have been the company's way of giving back to its customers as the payment services company's growth continued to climb to astronomical heights.

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Wonga acquires Germany equivalent of PayPal to expand its payment business

In its announcement today, Wonga said it had acquired Germany online payments service BillPay for an undisclosed amount.

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eBay acquires Braintree for USD800 million for its Paypal business

In a statement today, ebay Inc announced that it had agreed to acquire Braintree for around USD800 million in cash.

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PayPal expands to be a one-stop shop for customers' financial service needs

PayPal plans to expand so that it could be a one-stop shop for customers' financial services needs.

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