PayPal Joins Mastercard Crypto Partner Program While Facing $9B Lawsuit
PayPal is among six firms including Ripple, Binance and Circle in Mastercard’s Crypto Partner Program aiming to link on-chain cross-border transfers, payments and payouts with its card network. It faces a securities class action after a $9 billion market cap loss and CEO departure triggered by weak Q4 and 2025 results.
1. Mastercard Crypto Partner Program Participation
PayPal has been named among six founding participants—alongside Ripple, Binance, Circle, Gemini and Paxos—in Mastercard’s global Crypto Partner Program. The initiative aims to integrate on-chain cross-border transfers, payments and payouts by connecting digital assets with Mastercard’s card network and existing payment infrastructure.
2. Securities Class Action Lawsuit and Executive Departure
A securities class action lawsuit was filed on behalf of investors who bought PayPal stock between February 25, 2025 and February 2, 2026, alleging losses after a $9 billion market cap wipeout driven by weak Q4 and full-year 2025 results. The legal action follows the abrupt departure of PayPal’s CEO, raising governance concerns and potential financial liabilities.