Singapore-Licensed Triple-A to Offer PayPal Stablecoin Support [BNN Bloomberg (Canada)]
PayPal Holdings, Inc. (PYPL)
Last paypal holdings, inc. earnings: 1/29 04:15 pm
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Source: BNN Bloomberg
Triple-A, which is the first licensed crypto payments company in Singapore, aims to roll out support for PayPal's stablecoin by the end of June. The firm currently offers payment services primarily in Bitcoin, Ether and stablecoins issued by Tether and Circle. The expansion is another step forward for PayPal's PYUSD, an experimental effort by the fintech sector heavyweight to challenge crypto rivals. Tether's USDT is by far the dominant stablecoin in the crypto market, with close to $110 billion circulating. That compares with just over $200 million in PYUSD, which launched in August 2023. Peak XV Partners-backed Triple-A won a license from the Monetary Authority of Singapore in 2021 and saw payment volumes triple between 2022 and 2023. The company aims to more than double volumes again by the end of 2024, founder and chief executive officer Eric Barbier said. He declined to put an exact figure on volumes. “PayPal has the firepower to make it available to a lot consumers at one
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News
- Shein and Forever 21 first to use UPS' Happy Returns cross-brand solution [Yahoo! Finance]Yahoo! Finance
- Why Block Shares Are Losing Value Today [Yahoo! Finance]Yahoo! Finance
- PayPal Holdings, Inc. (NASDAQ: PYPL) had its price target raised by analysts at Wells Fargo & Company from $60.00 to $65.00. They now have an "equal weight" rating on the stock.MarketBeat
- PayPal (PYPL) Q1 Earnings & Revenues Beat Estimates, Rise Y/Y [Yahoo! Finance]Yahoo! Finance
- PayPal Holdings, Inc. (NASDAQ: PYPL) had its price target raised by analysts at TD Cowen from $58.00 to $68.00. They now have a "hold" rating on the stock.MarketBeat
PYPL
Earnings
- 4/30/24 - Beat
PYPL
Sec Filings
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 4/17/24 - Form PX14A6G
- PYPL's page on the SEC website