Close Menu
ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • ETH
  • Listing Platform
  • BSC
  • ETH
What's Hot

Up to $200 million lost

May 22, 2025

Why Traders Are Aggressively Shorting Bitcoin After BTC Price Hit New Record High?

May 22, 2025

Report: Colombia Running CBDC Pilot on Cosmos

May 22, 2025
X (Twitter) Telegram
  • Listing Platform
  • Home
  • BSC
  • ETH
Advertise
X (Twitter) Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    Why Traders Are Aggressively Shorting Bitcoin After BTC Price Hit New Record High?

    May 22, 2025

    Report: Colombia Running CBDC Pilot on Cosmos

    May 22, 2025

    Crypto awareness in Singapore hits record 94%, but ownership falls

    May 22, 2025

    FIFA taps Avalanche to launch dedicated blockchain for NFT platform

    May 22, 2025

    Crypto awareness in Singapore hits record 94%, but ownership falls

    May 22, 2025

    Bitcoin ‘looks exhausted’ as next bear market yields $69K target

    May 22, 2025

    Billionaire Vivek Ramaswamy Announces Plans To Acquire 75,000 Bitcoin Under New Corporate Entity

    May 22, 2025

    BlackRock’s Bitcoin ETF notches 2-week high inflow as BTC nears $112K

    May 22, 2025

    Ethereum holders back in profit as ETH price enters ‘crucial area’ for $3K breakout

    May 21, 2025

    Arthur Hayes Gives Portfolio Update, Says ‘Nasty Correction’ Could Be Approaching This Year for Crypto

    May 21, 2025

    Ethereum price gained 90% the last time this indicator turned bullish

    May 20, 2025

    Whale Holding $2,190,000,000 in Bitcoin Withdraws More BTC From Binance in Accumulation Spree: Lookonchain

    May 20, 2025

    Can ChatGPT Trade Crypto for You? Here’s What You Need to Know

    May 22, 2025

    Crypto Trader Books 346x Profit on Solana-Based Altcoin That’s Exploded 71,164% in a Month: Lookonchain

    May 22, 2025

    Billionaire Justin Sun To Attend Crypto Dinner With President, Says He Is ‘Top Holder’ of Trump’s Memecoin

    May 21, 2025

    These Crypto Entities Will Be the Largest Holders of US Treasuries in the World, According to Senator Hagerty

    May 21, 2025

    Up to $200 million lost

    May 22, 2025

    Why Traders Are Aggressively Shorting Bitcoin After BTC Price Hit New Record High?

    May 22, 2025

    Report: Colombia Running CBDC Pilot on Cosmos

    May 22, 2025

    Crypto awareness in Singapore hits record 94%, but ownership falls

    May 22, 2025
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Videos

    BlackRock & Chainlink: Predicting the Future of Digital Assets!

    May 22, 2025

    Bitcoin Hits New ALL TIME HIGH: Here's WHY (Japan Economy Imploding)

    May 22, 2025

    HURRY: Bitcoin's Move From $110K To $125K Will Be QUICK!!!

    May 21, 2025

    Bitcoin NEW All-Time High! Price Prediction & Bear Trap Alert!

    May 21, 2025

    The Next BIG Crypto Memecoin Just Discovered → Like Finding Dogecoin, Pepe, & Brett EARLY!?

    May 21, 2025
ApeWatcher News
Home » PayPal Announces NFT Purchases No Longer Backed By Its Protection Program
PayPal Announces NFT Purchases No Longer Backed By Its Protection Program
NFT

PayPal Announces NFT Purchases No Longer Backed By Its Protection Program

NFT EveningBy NFT EveningApril 17, 20240 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

The Shift in PayPal Protection Policies

The popular online payment platform PayPal has revealed a big change in the policy with reference to non-fungible token (NFT) transactions. With effect from May 20, this update changed from its prior position regarding buyer and seller rights for transactions involving NFTs.

Purchases involving NFTs will no longer be covered by PayPal buyer protection under the revised policy. This change reflects the company’s acknowledgment of the challenges and uncertainties from NFT transactions, particularly concerning proof of order fulfillment.

For NFT transactions, PayPal has also placed restrictions on seller protection, especially for amounts over $10,000. PayPal’s promise to protect sellers from fraudulent charges, chargebacks, and other bad behaviors will no longer apply to high-value NFT sellers, putting them at danger of financial loss.

Official Announcement and Implementation

The company quietly announced these changes on March 21, 2024, through updates on its policy webpage. Despite the advance notice, the alterations went largely unreported until now, highlighting the nuanced nature of PayPal’s policy adjustments in the rapidly evolving landscape of blockchain technology.

Although inquiries from various sources, PayPal has yet to provide a detailed response regarding the rationale behind these policy amendments. This lack of immediate clarification leaves room for speculation regarding the motives and implications behind PayPal’s decision.

PayPal’s latest NFT transaction related measures are consistent with its larger strategic goals related to digital assets and blockchain technology. The company is becoming more involved in the developing blockchain ecosystem, as evidenced by its submission of patents for NFT-related systems and its gradual integration of cryptocurrency support.

Final Thoughts

PayPal updates to its NFT transaction protection standards show a careful reaction to the changing blockchain and digital asset landscape. PayPal strategy response to new developments in the digital economy shows up in these changes, which may cause confusion for NFT buyers and sellers. Future changes in PayPal strategy regarding NFTs and digital assets could have a significant impact on how online commerce develops as the blockchain sector continues to grow.

Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Check your Huma Finance (HUMA) airdrop

May 22, 2025

A Cautionary Tale for Web3 Gaming

May 22, 2025

Bitcoin ATH at $111,000, Nothing Can Stop BTC To The Moon

May 22, 2025

Dogecoin Price Prediction in June 2025

May 22, 2025

Why Is Bitcoin Up Today

May 22, 2025

Standard Chartered Targets $500,000 Bitcoin by 2029

May 22, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Articles

Up to $200 million lost

May 22, 2025

Why Traders Are Aggressively Shorting Bitcoin After BTC Price Hit New Record High?

May 22, 2025

Report: Colombia Running CBDC Pilot on Cosmos

May 22, 2025
ApeWatcher News
X (Twitter) Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2025 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.