BitDigest April 13 · Issue #635
- Bitcoin not holding $7,000 as crypto pricing weakens over weekend
- The EU has proposed expanding the definition of ‘virtual assets’ and recommends developing a pan European AML watchdog
- Gibraltar plans to add new regulations to oversee blockchain companies
Fintech Companies Assisting Americans with CARES Act
As many people, myself included, had hoped, the US Government is turning to fintech companies to help provide coronavirus relief under the CARES Act. Both PayPal and Square issued statements explaining how they are assisting Americans to receive their assistance packages.
PayPal (NASDAQ: PYPL) announced it has been approved by the Small Business Administration (SBA) to provide access to small business loans under the Paycheck Protection Program.
Through its Cash App, Square (NYSE:SQ) said that customers were able to receive their $1,200 stimulus payments directly into their Cash apps and that customers had already begun to receive them.
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