PayPal and Venmo’s cryptocurrency move; Dropbox expands family plan; Huawei’s new phones

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PayPal and Venmo start accepting cryptocurrency payments

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PayPal has announced it will start processing cryptocurrency payments, meaning any account holder can buy, sell, and store virtual currencies, from later this year.
PayPal will support bitcoin, Ethereum, Bitcoin cash, and Litecoin.

The company is also extending cryptocurrency support to its money-sending subsidiary company Venmo, from early next year.

“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,” PayPal CEO Dan Schulman said.

“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.”

Dropbox family plan now globally available

Photo: Dropbox

Dropbox has made its new family plan available worldwide.

The family plan allows up to six people to have their own accounts linked to a Dropbox Plus plan, which gives users a combined 2 TB of storage, as well as a “Family Room”, which gives them the ability to share files across accounts.

The Family plan costs US$19.99 per month, or $203.88 for a full year. A single-user Dropbox Plus subscription costs $11.99 per month (or $119.88 per year, if paid upfront).

Huawei launches new Mate 40 smartphones

Photo: Huawei

Huawei has announced the launch of the Mate 40 Pro and the Mate Pro Plus, as well as a lower spec Mate 40, the latest devices since the company’s P40 series earlier in the year.

The new smartphones feature a curved 6.76-inch 90Hz OLED display and Huawei’s new 5nm Kirin 9000 chipset, which Huawei says is the world’s first 5nm 5G processor.

The Mate 40 Pro Plus also includes a 50-megapixel camera, with a 20-megapixel ultrawide, an 8-megapixel periscope camera and a 12-megapixel telephoto camera.

Among other features, the new phones support 50W wireless charging and reverse wireless charging, which allows users to power up accessories or other handsets.

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Umbrellar Connect

Umbrellar Connect is the leading multi-media hub for New Zealand's tech innovations. We keep you informed on the need-to-know impact stories, the trends shaping our world, and the tech enabling us to go further.

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