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Real Estate Giant Opendoor to Accept Bitcoin and Crypto for Home Buying, CEO Confirms
Yahoo Finance· 2025-10-06 20:57
Core Insights - Opendoor Technologies will accept Bitcoin and other cryptocurrencies for home purchases, aiming to attract crypto-wealthy buyers [1][3] - The company's stock price increased from $8.11 to $8.38 following the CEO's announcement [1] - Opendoor operates in 44 U.S. markets with a market cap of $6.22 billion and reported $1.57 billion in revenue for Q2 2025 [2] Company Operations - Opendoor's business model includes making instant cash offers on homes, renovating properties, and relisting them, which could benefit from the efficiency of blockchain transactions [4] - The company employs approximately 1,470 people and offers mobile application-based home-buying services and financing options [5] - Opendoor reduced its operating expenses by 34.33% year-over-year to $132 million and improved its net loss to $29 million in Q2 2025 [5] Financial Performance - The company's earnings per share improved by 72.48% to -$0.01, while EBITDA increased by 113.33% to $8 million [5] - The timing of Opendoor's crypto payment adoption coincides with Bitcoin's rally to $125,000, creating opportunities for affluent investors [3] Industry Trends - The integration of cryptocurrency payment options is becoming a trend in the real estate sector, with other companies like RAK Properties in the UAE also adopting similar strategies [6] - The UAE initiative aims to attract younger, digitally native investors and aligns with the region's Vision 2030 strategy for economic diversification [7]
Block CEO Jack Dorsey Invites Businesses Using Square PoS System To Test Bitcoin Payments Feature
Yahoo Finance· 2025-09-16 10:23
Core Insights - Jack Dorsey, co-founder and CEO of Block Inc., is promoting the use of Bitcoin payments among merchants on the Square platform, indicating a strategic push towards integrating cryptocurrency into everyday transactions [1][2][5] - The Bitcoin payment functionality is in the final testing stages and is expected to roll out in the second half of 2025, reaching all eligible Square merchants by 2026 [3][4] - Dorsey emphasizes Bitcoin's role as a transactional currency, arguing that it must transition from being a store of value to a medium of exchange to remain relevant [5] Company Developments - Block Inc. is leveraging the Lightning Network to facilitate Bitcoin payments on Square, showcasing a commitment to enhancing payment solutions for merchants [4] - The company has received positive feedback from its team, with senior software engineer Aaron Hammer describing the initiative as an "extremely exciting unlock" for sellers [2] Market Performance - As of the latest data, Bitcoin is trading at $115,364, reflecting a 0.68% decrease in the last 24 hours, while Block shares increased by 0.58% in pre-market trading after a 2.42% rise during the previous trading session [6]
PayPal Adding Crypto to Peer-to-Peer Payments, Allowing Direct Transfer of BTC, ETH, Others
Yahoo Finance· 2025-09-15 14:58
Core Insights - PayPal is expanding its peer-to-peer service to include cryptocurrency transfers, allowing users in the U.S. to send various digital assets including bitcoin, ether, and its own stablecoin PYUSD across its platforms [1][3] - The introduction of "PayPal links" enables users to create personalized links for sending or requesting money, facilitating easier transactions in everyday communications [2] - The company emphasizes that personal transfers among friends and family will not be subject to IRS 1099-K tax reporting, even when involving cryptocurrency [2] - This initiative is part of PayPal's "PayPal World" interoperability project, which aims to connect major digital wallets and payment systems, with peer-to-peer payments being a significant growth driver [3] Financial Performance - Consumer payment volume increased by 10% year-over-year in the second quarter, highlighting the growth potential in peer-to-peer payments [3] Strategic Initiatives - PayPal is also expanding its crypto payment capabilities for U.S. merchants, aiming to reduce cross-border fees and enhance its global digital currency payment strategy [4]
Dogecoin Cash, Inc. Subsidiary PrestoDoctor Now Accepts Cryptocurrency Payments, Including Dogecoin
Globenewswire· 2025-09-10 08:00
Core Insights - Dogecoin Cash, Inc. has announced that its subsidiary, PrestoDoctor, will accept cryptocurrency payments for medical cannabis evaluations, including Dogecoin and other digital assets, as part of a strategy to embrace decentralized technologies [1][3] - The integration of cryptocurrency payments aims to enhance accessibility for a tech-savvy patient base while maintaining traditional payment methods for broader patient choice [3][4] - The move is positioned as a way to enhance patient privacy and adapt to the evolving landscape of healthcare and digital finance [4] Cryptocurrency Acceptance - The cryptocurrencies accepted by PrestoDoctor include Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), Tron (TRX), Tether (USDT), Binance Coin (BNB), Dogecoin (DOGE), Litecoin (LTC), Monero (XMR), Polygon (MATIC), Bitcoin Cash (BCH), Shiba Inu (SHIB), Solana (SOL), and DAI [6] Company Overview - Dogecoin Cash, Inc. is focused on advancing blockchain technology and its applications in healthcare, finance, and consumer services, with PrestoDoctor providing telemedicine solutions for medical cannabis evaluations across multiple U.S. states [4][5]
OFA Group Advances Digital Asset Leadership in Architecture, Now Accepting Crypto Payments for Architectural and AI Solutions
Globenewswire· 2025-07-31 12:00
Core Insights - OFA Group has announced the acceptance of cryptocurrency payments for its architectural services and AI-driven tools, enhancing its digital asset treasury strategy of up to $100 million focused on Bitcoin [1][2][3] - This initiative positions OFA at the forefront of integrating traditional business services with digital finance, creating a natural inflow mechanism for treasury growth and enhancing payment flexibility for clients [2][4] Company Strategy - The decision to accept cryptocurrency payments supports OFA's digital asset treasury accumulation strategy and reinforces its leadership in corporate digital asset adoption [2][3] - The payment system will support major digital assets including Bitcoin, Ethereum, Solana, and Stablecoins, processed through institutional-grade security protocols [3][4] Market Positioning - OFA aims to appeal to crypto-native real estate developers, technology companies, and institutional clients who wish to utilize their digital asset holdings for architectural and AI services [3][4] - The integration of crypto payments is seen as a sustainable pipeline for treasury accumulation, providing competitive advantages as digital assets become more prevalent in capital markets [3][4]
PayPal Will Let Cross-Border Merchants Pay With Crypto
PYMNTS.com· 2025-07-28 16:12
Core Insights - PayPal has launched a cryptocurrency payments feature called "Pay with Crypto" aimed at facilitating cross-border commerce and connecting merchants to a market exceeding $3 trillion [2][4] - The new feature will enable instant conversion from cryptocurrency to stablecoin or fiat, supporting transactions across over 100 cryptocurrencies and wallets, thereby reducing transaction costs for merchants [4] Group 1: Market Opportunity - The introduction of the "Pay with Crypto" feature is expected to provide access to more than 650 million crypto users globally, enhancing the potential for businesses to grow internationally [4] - The feature is particularly beneficial for small- to medium-sized businesses (SMBs) and independent contractors, who often face challenges such as high transaction fees and lengthy settlement times [5][6] Group 2: Industry Challenges - Cross-border payment processes are often opaque, with payments disappearing into a network of intermediaries, leading to limited tracking and recourse in disputes [6] - The report highlights that businesses in emerging markets, such as Brazil, Colombia, Kenya, and Ghana, are increasingly adopting stablecoins to mitigate issues like currency devaluation and payment delays [7]
Bit Origin Secures $500 Million Equity and Debt Facilities to Launch Dogecoin Treasury
Globenewswire· 2025-07-17 13:15
Core Insights - Bit Origin Ltd has announced a strategy to accumulate Dogecoin as a core asset, aiming to raise up to $400 million in Class A ordinary shares and $100 million in convertible debt to support this initiative [2][3] - The CEO of Bit Origin, Jinghai Jiang, emphasized the transition from mining infrastructure to engaging directly with digital assets, highlighting Dogecoin's utility in payments and its growing adoption [3][7] - The company has completed an initial closing of $15 million under the convertible debt facility, with plans to use a significant portion for Dogecoin acquisition [4] Company Strategy - Bit Origin aims to become one of the largest publicly traded holders of Dogecoin, with a strategy focused on delivering long-term value through increasing Doge-per-share [7] - The company plans to explore miner-facing services, payment applications, and other operations within the Dogecoin ecosystem, reflecting its belief in the network's grassroots strength and utility [3][7] - The accumulation of Dogecoin is seen as a natural fit for potential integrations into payment layers, such as X Money, as envisioned by Elon Musk [3][7] Financial Details - The total amount targeted for raising funds is $500 million, comprising $400 million in equity and $100 million in convertible debt [2] - The initial closing of $15 million under the convertible debt facility has been completed, with Chardan acting as the placement agent [4]
ECD Auto Design Now Accepting Cryptocurrency Payments via BitPay
GlobeNewswire News Room· 2025-03-20 11:55
Core Insights - ECD Auto Design has begun accepting cryptocurrency payments through BitPay, enhancing its global reach and providing clients with a secure purchasing option for luxury vehicles [1][2][3] Company Overview - ECD Auto Design specializes in custom luxury vehicle restorations, focusing on models such as Land Rover Defenders, Range Rover Classics, Jaguar E-Types, Mustangs, and Toyota FJs [1][7] - The company was founded in 2013 and operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 105 skilled workers with a combined total of 80 ASE certifications [7] Cryptocurrency Integration - By accepting cryptocurrency, ECD Auto Design aims to cater to a growing demographic of crypto enthusiasts and high-net-worth individuals who value the efficiency of digital transactions [2][5] - The integration of BitPay allows ECD Auto Design to benefit from reduced transaction fees, enhanced security, and next-business-day settlement in USD, mitigating concerns about cryptocurrency volatility [3][4] Industry Impact - ECD Auto Design recognizes the potential of cryptocurrency to transform the luxury automotive industry by enabling faster, more secure, and borderless transactions [5] - BitPay, as a pioneer in blockchain payment processing, supports businesses in adopting cryptocurrency, aiming to increase its acceptance as a future payment method [5][8]