Federal Reserve study on digital currency leans to role for banks [Advisor.ca (Canada)]
PayPal Holdings, Inc. (PYPL)
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Source: Advisor.ca
The Fed’s paper stressed that no final decisions about a digital currency have been reached. But it suggested that a digital currency that “would best serve the needs” of the nation would follow an “intermediated model” under which banks or payment firms would create accounts or digital wallets.The Fed characterized the potential introduction of a digital currency as a step that could have far-reaching consequences for banks and other financial firms as well as for the central bank itself.“The introduction of a [central bank digital currency] would represent a highly significant innovation in American money,” the study said. The Fed said it “could fundamentally change the structure of the U.S. financial system, altering the roles and responsibilities of the private sector and the central bank.”The report comes at a time when digital money is proliferating in a variety of forms. Millions of people own cryptocurrencies, though they are often used more as investments than as forms of pay
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- PayPal Holdings, Inc. (NASDAQ: PYPL) had its price target raised by analysts at Sanford C. Bernstein from $66.00 to $68.00. They now have a "market perform" rating on the stock.MarketBeat
PYPL
Earnings
- 2/7/24 - Beat
PYPL
Sec Filings
- 4/17/24 - Form PX14A6G
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- PYPL's page on the SEC website