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PayPal CEO Publicly Endorsed Cryptocurrency, Which the Company Now Offers on Its Platform

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Paypal Ceo endorses Cryptocurrency

PayPal’s CEO Dan Schulman believes it is high time digital currencies took their rightful place as a
payment tool. His remarks are proof mainstream financial institutions are beginning to embrace
cryptocurrencies.

Instagram/dan_schulman


There was a time that financial institutions could not entertain the idea of alternative currencies. In fact, in 2018, the former PayPal CEO Bill Harris, in an interview on CNBC, labeled Bitcoin a scam and said it was “useless as a payment mechanism and ridiculous as a store of value.” Fast forward to 2020, and the current CEO is endorsing cryptocurrencies and going as far as saying that he is “bullish on digitalcurrencies of all kinds.”


On October 21, PayPal announced that it would begin offering cryptocurrency on its platform, a move
that signaled mainstream adoption of digital currencies. The endorsement of these currencies by the
CEO of one of the most popular payment platforms makes it more realistic to think that cryptocurrencies could replace fiat currency one day.

PayPal’s CEO on Cryptocurrency


On December 2, at the Web Summit, Andrew Ross-Sorkin of the New York Times asked PayPal CEO Dan
Schulman about cryptocurrency. Schulman said that the world should embrace cryptocurrency as a new
payment tool and said he is very bullish about crypto because of its numerous advantages.

Photo Credits: Alice Truong and Matthew Strand


“I think that if you can create a financial system, a new and modern technology that is faster, that is less
expensive, more efficient, that’s good for bringing more people into the system, for inclusion, to help
drive down costs, to help drive financial health for so many people… So, over the long run, I’m very
bullish on digital currencies of all kinds,” Schulman said.


Asked about his company’s decision to offer cryptocurrency options to users, he said that the decision was the right step for the company to make because what it provides is more or less a digital wallet.
Earlier in the year, following the breakout of the pandemic, Bitcoin’s price was affected. However, it has
since improved. It reached a new all-time high of about $20,000 on most exchange platforms at the
beginning of this week.


Some of the factors that might have contributed to Bitcoin’s recent uptrend include the crypto offering
on PayPal. While 2020 might not have been an excellent year for most industries, it just might get into
the history books as one of the years that saw wide adoption of cryptocurrencies.

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Lil Pump Show Off His New $400k Worth Rolls Royce

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Lil Pump / Instagram

What is fame without a show-off? In the entertainment industry, especially for rappers, it is essential to have the drip, the money, the bars, and the ride.

It is a net worth battle. Lil Pump just bought a Rolls Royce Truck for a whopping four hundred thousand dollars. 

The Gucci Gang rapper also revealed that he paid the money in cash. 

He flaunted his ride’s pictures on his social media platforms, and we can’t lie, the rapper has a reason to brag.

Lil Pump
Lil Pump / Instagram

The car he bought is one of the most expensive and luxurious in the car industry. In the caption of his post, Pump wrote, “Spent yo lifesaving on a whip 🎁 🎁Pink slip Lil b—h !! Love u.”

The white Rolls Royce Cullinan has a comfortable space for Pump’s passengers and pretty comfortable seats. 

Lil Pump
Instagram

Some of his fans showed love to the rapper’s ride, while others claimed that he couldn’t afford the Rolls Royce since he had fallen off.

How to does this guys still got money? Didn’t he fall off or something,” one tweet read. 

Today we are asking you two questions. Do you think the rapper can afford the ride and do you like Lil Pump’s music? Hit us up in the comments section below. We love your responses. 

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Chicago Rapper RondoNumbaNine Curses Out Trump For Lack Of Pardon

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RondoNumbaNine
RondoNumbaNine / Instagram

As a way of leaving office, Donald Trump decided to issue pardons to some convicted criminals. 

The list was rapper Lil Wayne, Kodak Black, Kilpatrick, Roc Nation’s CEO Desiree Perez, and Steve Bannon, among one hundred and sixty-eight others.

There is, however, the lot that the 45th president of the US forgot or didn’t pardon. Among them are Ross Ulbricht, Julian Assange, and famous Chicago rapper RondoNumbaNine.

The angered convict, currently serving a thirty-nine-year sentence for murder charges, used his social media to bash Trump for not pardoning him. 

F–k Trump his Bitch ass ain’t pardon me,” the Chicago rapper tweeted

In 2014, RondoNumbaNine and his accomplice Courtney Ealy shot their victim Javan Boyd seated in a parked car. After a thorough investigation, Rondo’s fingerprints and surrounding CCTV footage pointed at the guilty rapper and Ealy.

He was a star rising, but fate chose a different route. Some fans think that he should rot in jail, while others promised to try and convince Joe Biden to pardon him.

Do you think that the president should free him? Talk to us in the comments below. Also, visit our website for more news-related articles. 

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Yaya Mayweather Shares Heartwarming Photo of Floyd Mayweather Holding Her Newborn

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Yaya mayweather
Yaya and Floyd Mayweather at 2017 BET Awards at Microsoft Theater on June 25, 2017 in Los Angeles, California.

It seems like former professional boxer Floyd Mayweather is stoked about being a grandpa. Days after Yaya and NBA YoungBoy welcomed their firstborn son, Yaya posted an adorable photo of Floyd Mayweather. The undefeated boxing star was holding his grandson.

The 20-year-old and new mom shared the adorable photo on her Instagram. Over the photo, she wrote, “My (hearts).” In another slide, she wrote, “My mom $ dad just love the baby so much.” Her baby boy was born on Saturday, January 9.

It is still unclear where she and NBA YoungBoy stand given their on-off sort of relationship. NBA YoungBoy, who is rumored to be in a relationship with another, reportedly has seven children. YoungBoy and Drea Symone welcomed a daughter over the Thanksgiving holiday.

Yaya also shared with her 1 million Instagram followers that she would be giving them an insight into her life on her YouTube channel through a reality series. Stay tuned for that!

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Lil Wayne Drops Song Two Days After Trump’s Pardon

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Lil Wayne
Lil Wayne and Donald Trump / Instagram

Two days after getting lucky and landing a spot on the 173 acts of clemency list from the former U.S. president, Dwayne Carter Jr., popularly known as Lil Wayne, released his latest single. 

Titled “Ain’t Got Time“, the surprise project features Fousheè and pays tribute to the late Juice WRLD, including the story of his gold plated handgun saga.

“They raided my private plane/ I went got one that’s more privater/R.I.P. Juice WRLD, wrote that on two cups/Pour out a Lil juice for him/Shit gave me goosebumps/N-gga been through too much/Lookin’ in the rearview to see the future,” a snippet of the lyrics read.

Wayne seems to have planned his release. In the recently concluded election, the Lollipop rapper endorsed Trump for president and didn’t seem to care about what other people or rappers said.

It worked, and he was pardoned along with other names, including Kodak Black. Other names like Ulbricht didn’t make it to the list despite rumours of Trump considering them.

Lil Wayne’s lawyer claimed that the pardon had nothing to do with the endorsement adding that

“I think they had a very strong connection. He’s in the entertainment world. He’s got a style that’s similar in terms of the way that he carries himself, and a lot of rappers and people in the industry relate to that.”

Stay with us for more stories as they unfold. 

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Soulja Boy Sued Over Sexual Assault and Battery Allegations

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soulja Boy
DeAndre Cortez Way aka Soulja Boy Tell ’Em, (Marcus Ingram/Getty Images for BET)

US rapper Soulja Boy once responsible for the biggest hits, has been accused of sexual assault, battery, and holding his former assistant hostage. The rapper whose hits include Crank That and Kiss Me Thru the Phone has denied the allegations.

The former assistant who is not named filed a complaint against the 30-year-old rapper on Thursday, January 21. In the complaint filed in Los Angeles Superior Court, the woman claims the rapper repeatedly raped her and held her hostage for three days. She also claims that he did not pay her 18-month wages even after subjecting her to a hostile work environment.

As reported in People magazine, the woman began working for Soulja Boy, whose real name is DeAndre Cortez, in 2018. She was expected to be readily available at all times. Her job description went beyond personal assistant duties. She was expected to cook, clean, and chauffeur.

The woman filed as ‘Jane Doe’ and Soulja Boy developed a romantic relationship in January 2019. The brief consensual relationship turned violent. The rapper first physically abused her around January 23, 2019. The rapper also threatened to kill her on one occasion.

Soulja Boy first sexually assaulted her in February 2019. Filled with remorse, he offered her $1,000 after the incident. He, however, continued to rape her on several occasions and sometimes twice a day. He locked her up for three days when she attempted to leave.

Way’s treatment of our client…has traumatized and filled her with fear. His abuse imprisoned her physically, mentally and emotionally… We believe he should be held accountable,” said the woman’s attorney, Neama Rahman.

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