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Press Release (PRNewswire)

The migration toward digital payments and digital representations of value continues to accelerate, driven by the COVID-19 pandemic and the increased interest in digital currencies from central banks and consumers. PayPal Holdings, Inc. (NASDAQ: PYPL) today announced the launch of a new service enabling its customers to buy, hold and sell cryptocurrency directly from their PayPal account, and signaled its plans to significantly increase cryptocurrency's utility by making it available as a funding source for purchases at its 26 million merchants worldwide.

Mainstream adoption of cryptocurrencies has traditionally been hindered by their limited utility as an instrument of exchange due to volatility, cost and speed to transact. However, the promise of advanced technological platforms offers the possibility of mainstreaming digital currencies. According to a survey by the Bank for International Settlements, one in 10 central banks – representing approximately one-fifth of the world's population – expect to issue their own digital currencies within the next three years.

"The shift to digital forms of currencies is inevitable, bringing with it clear advantages in terms of financial inclusion and access; efficiency, speed and resilience of the payments system; and the ability for governments to disburse funds to citizens quickly," said Dan Schulman, president and CEO, PayPal. "Our global reach, digital payments expertise, two-sided network, and rigorous security and compliance controls provide us with the opportunity, and the responsibility, to help facilitate the understanding, redemption and interoperability of these new instruments of exchange. We are eager to work with central banks and regulators around the world to offer our support, and to meaningfully contribute to shaping the role that digital currencies will play in the future of global finance and commerce."

Building Understanding and Adoption of Cryptocurrency

To increase consumer understanding and adoption of cryptocurrency, the company is introducing the ability to buy, hold and sell select cryptocurrencies, initially featuring Bitcoin, Ethereum, Bitcoin Cash and Litecoin, directly within the PayPal digital wallet. The service will be available to PayPal accountholders in the U.S. in the coming weeks. The company plans to expand the features to Venmo and select international markets in the first half of 2021. The service is enabled in the U.S. through a partnership with Paxos Trust Company, a regulated provider of cryptocurrency products and services.

PayPal has also been granted a first-of-its-kind conditional Bitlicense by the New York State Department of Financial Services (NYDFS).

"NYDFS' approval today follows our June 2020 announcement for a new framework for a conditional Bitlicense to encourage, promote, and assist interested institutions to have a well-regulated way to access the New York virtual currency marketplace in a way that is both timely and protective of New York consumers, through partnerships with New York authorized virtual currency firms," said Linda A. Lacewell, superintendent, NYDFS. "NYDFS will continue to encourage and support financial service providers to operate, grow, remain and expand in New York and work with innovators to enable them to germinate and test their ideas, for a dynamic and forward looking financial services sector, especially as we work to build New York back better in the midst of this pandemic."

As part of this offering, PayPal will provide accountholders with educational content to help them understand the cryptocurrency ecosystem, the risks and opportunities related to investing in cryptocurrency, and information on blockchain technology. There are no service fees when buying or selling cryptocurrency through December 31, 2020, and there are no fees for holding cryptocurrency in a PayPal account.

Increasing the Utility of Cryptocurrency in Digital Commerce

Beginning in early 2021, PayPal customers will be able to use their cryptocurrency holdings as a funding source to pay at PayPal's 26 million merchants around the globe. Consumers will be able to instantly convert their selected cryptocurrency balance to fiat currency, with certainty of value and no incremental fees. PayPal merchants will have no additional integrations or fees, as all transactions will be settled with fiat currency at their current PayPal rates. In effect, cryptocurrency simply becomes another funding source inside the PayPal digital wallet, adding enhanced utility to cryptocurrency holders, while addressing previous concerns surrounding volatility, cost and speed of cryptocurrency-based transactions.

Exploring and Investing in the Next Generation of Financial Services Infrastructure

In addition to providing these significant cryptocurrency services, PayPal has been exploring the potential of digital currencies through partnerships with licensed and regulated cryptocurrency platforms and with central banks around the world. For the past five years, PayPal has increased its focus and resources on exploring the next generation of digital financial services infrastructure and enhancements to digital commerce through an internal blockchain-focused research team. In 2019, PayPal Ventures, the company's venture capital arm, invested in TRM Labs, a company focused on helping financial institutions prevent cryptocurrency fraud and financial crime, and Cambridge Blockchain, a blockchain-based identity management and compliance software company. PayPal will continue exploring the potential of distributed ledger technologies to improve financial services and assure they are faster, more secure and less expensive. The company intends to work hand-in-hand with regulators, governments and central banks in this quest.

To learn more and join the waitlist for PayPal's cryptocurrency services, click here

About PayPal

PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering more than 300 million consumers and merchants in more than 200 markets to join and thrive in the global economy. For more information, visit paypal.com.

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Hair Therapy by Casual Cuts celebrated their Grand Opening this weekend. Denna  Grimaldo moved her shop (formerly known as just Casual Cuts) from farther up Main Street to 336 Main Street in the Security Shopping Center.

 

 

Hair Theraphy by Casual Cuts is a full service hair salon offering superior quality at value prices. They serve military, men, women and children. Hours are from 9am to 6pm Monday through Friday, 10 - 4 on Saturday and 10 - 4 on Sunday. You can reach them at 719-368-6305, email This email address is being protected from spambots. You need JavaScript enabled to view it. and follow them on Facebook

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Boo! At Bear Creek
Friday, October 23, 6:00-9:00 p.m.
Bear Creek Nature Center
245 Bear Creek Road, Colorado Springs, CO 80906

Press Release

El Paso County’s Bear Creek Nature Center has found ways to continue offering quality educational programs while adhering to Covid19 guidelines and best practices. They also continually strive to create programming that is innovative and engaging. Boo! At Bear Creek is their newest special event offering.



Boo! At Bear Creek, to be offered on the evening of October 23, will take place entirely outdoors. The goal is to chill, thrill and ultimately educate in a way that is entertaining and celebrates the Halloween spirit. Many of nature’s creatures, while playing important roles in the ecosystem, tend to give folks the heebie jeebies and Boo! At Bear Creek will help unravel and dispel some common myths about these misunderstood organisms.

Nature Center volunteers will lead groups of ten at a time along the trails, encountering creepy characters that will send a shiver down the spine then impart knowledge to the mind about creatures like bats, spiders, rats and snakes.

The format will include safety measures including small groups, outdoor setting, and mask requirements so participants can have seasonal fun in a safe environment.

Participants must preregister for specific staggered start times that run from 6:00 to 9:00 p.m. It is recommended for ages 7 and up due to the mild fright factor.

The cost is $6 per person. Space is limited so register ahead by calling 719-520-6387 or by visiting www.elpasocountynaturecenters.com

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Press Release

Griffis/Blessing, Inc. has been named the Property Management Company for two new commercial retail properties on the northside of Colorado Springs. The first location, Learning Experience Academy of Early Education, a new daycare center at 6586 Issaquah Drive, is a 10,000 square foot building which is 100 percent occupied. The second property, The Shoppes, is located at

7636 Dublin Blvd

. The property is 14,300 square feet and will house nine tenants when 100% occupied. It is currently home to State Farm with a nail salon and sushi restaurant on the way.

6586 Issaquah Drive


Jeb Brewster, Portfolio Manager, will lead the commercial management team who will oversee the day-to-day operations of the properties. He is assisted by Josie Major, Management Assistant, and Cindy Colby, Accounting Supervisor.



“The assignment allows us the opportunity to provide a current owner with our continued quality management services as we do for his two retail centers in metro Denver,” says Commercial Department Vice President, Liz Seeger, RPA, LEED AP. “It also brings our retail portfolio to over 2.4 million square feet along the Front Range.”

Griffis/Blessing, Inc. is headquartered in Colorado Springs, CO with additional offices in Denver. The organization currently manages over 6.9 million square feet of commercial space,
and more than 9,400 apartment units located along Colorado’s Front Range. The company has provided award-winning property management and real estate investment services since 1985. For more information, visit www.griffisblessing.com.

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The Roll Up Food Truck, which you may know from Widefield Square, is taking over the building at the corner of Main and Security Blvd (301 Main Street, 80911). For now, they'll be cooking in the truck and offering sit down dining in the building as well as outside.



They're open Tuesday through Saturday. The breakfast menu is available from 9am to 2pm. The lunch menu is available from 10am to 2pm.

DON"T PANIC Tuns of Fun Hot Dog Truck fans. They're not going anywhere. Tuns of Fun will be set up there whenever they wish and there may be other guest trucks there when Tuns of Fun is elsewhere.

Later this year, Roll Up will have a full kitchen inside. They're also working on getting their liquor license and will even offer a limited menu for drive through service.

Follow Roll Up Food Truck on Facebook for the latest.