Venmo unveils major redesign as PayPal restructures for potential sale

Google and PayPal told Consensus Miami AI agents will run on crypto rails as bank accounts remain inaccessible. Senior figures from Google Cloud and PayPal told Consensus Miami on May 10 that the next wave of internet commerce will run…

The post PayPal and Google Cloud Say Crypto Is Only Viable Payment Layer for AI Agent Economy appeared on BitcoinEthereumNews.com. AI agents cannot open bank accounts making crypto the only payment option. Google launched Agentic Payments Protocol AP2 with 120 partners globally. Only 20% of merchants have machine readable catalogs despite 95% seeing AI traffic. AI agents can browse the web, negotiate services, and execute tasks autonomously. But they cannot open a bank account. Not because the process is difficult. Because it is structurally impossible under current technological and regulatory frameworks. That single constraint, laid out at CoinDesk’s Consensus Miami conference, is reshaping how the technology industry thinks about the future of payments. “An agent cannot get a bank account. It’s not hard, it just is impossible,” said Richard Widmann, global head of Web3 strategy at Google Cloud. Crypto, he argued, fills the gap naturally. It is a machine-readable interface that agent

The post IonQ (IONQ) Stock Gains as SkyWater Shareholders Green-Light Acquisition appeared on BitcoinEthereumNews.com. Key Highlights SkyWater Technology shareholders have given the green light to the proposed merger with IonQ, marking a significant milestone in the acquisition process. Shares of IONQ advanced 3.27% on Friday, finishing at $49.24, with the stock’s 52-week trading range spanning from $25.89 to $84.64. Transaction completion is anticipated during the second or third quarter of 2026, subject to regulatory clearance and standard closing conditions. The quantum computing firm delivered record first-quarter 2026 revenues of $64.7 million and increased its annual revenue projections. Wall Street analysts maintain a Moderate Buy rating on IONQ, with a consensus price target of $60.86, suggesting approximately 23% potential appreciation. IonQ’s strategic acquisition of semiconductor foundry SkyWater Technology advanced significantly this week after SkyWater shareholders cast th

As the Pentagon looks to AI to streamline acquisition, Unison's David Kim says leaders need to set clear goals and identify "quick wins."

Anthropic is expanding Claude into financial services with AI agents for banks, insurers, asset managers, and fintech teams.

PayPal CEO Enrique Lores used the company’s first-quarter earnings call to outline an AI-driven turnaround, telling investors the fintech giant must recommit to its technology roots by aggressively adopting AI across development, customer service, and risk management. Lores announced a dedicated AI transformation team reporting directly to him, tasked with redesigning core processes function by […]

PayPal is pitching an AI-led turnaround, tying automation and restructuring to $1.5B in savings as it cuts jobs and works to modernize its tech stack.

Large U.S. venture deals this week were led by a massive defense tech raise for space security startup True Anomaly. We also saw sizable deals for startups applying AI to fintech, marketing, customer service, health care and developer tools.