PayPal rolls out 'Pay with Crypto'
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PayPal has introduced “Pay with Crypto” to enable instant settlements and lower fees for global merchants and crypto users.
PayPal now lets US merchants accept over 100 cryptocurrencies with near-instant settlement and low fees. The move follows stablecoin-friendly legislation and growing competition from Coinbase and Stripe.
Analysts expect the San Jose, California-based company to report quarterly earnings at $1.30 per share, up from $1.19 per share in the year-ago period. PayPal is projected to report quarterly revenue of $8.08 billion, compared to $7.88 billion a year earlier, according to data from Benzinga Pro.
PayPal remains a fintech leader with a resilient platform and global ambitions, despite rising competition and profit concerns. Read why PYPL stock is a buy.
PayPal’s stock is on track to rise for the eighth session in a row, but analysts have a hard time making a call about the future.
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Venmo, PayPal users can now send money to the US government to help pay down $36.7T national debt
The US Treasury Department is now accepting Venmo and PayPal payments from those who want to donate money to reduce the nation’s ballooning $36.7 trillion debt.
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PayPal Holdings Inc. (NASDAQ: PYPL) shares are slightly up Monday as investors positioned themselves ahead of the company's second-quarter earnings report scheduled for release after market close on Tuesday July 29.