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Stock impact report

What Does Bitcoin Mean for PayPal Stock? [The Motley Fool]

PayPal Holdings, Inc. (PYPL) 
Last paypal holdings, inc. earnings: 1/29 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.paypal-corp.com
Company Research Source: The Motley Fool
It's estimated that up to 200 million consumers worldwide have transacted withBitcoin(CRYPTO:BTCPayPal HoldingsNASDAQ:PYPLThrough the first half of 202,SquareNYSE:SQImage source: Getty Images.Toward the end of 2020, PayPal finally jumped on board the crypto train and offered the ability to buy, sell, and hold cryptocurrencies, including Bitcoin,EthereumLitecoinBitcoin CashWhile crypto transactions are likely not impacting PayPal's profitability that much, there is clear evidence that they are meaningfully boosting user engagement, which could make the increasing popularity of Bitcoin and other digital currencies an important growth driver for PayPal.PayPal users are engaging with the new crypto offeringPayPal has made some major improvements to its apps this year. In addition to offering cryptocurrency, it recently overhauled the PayPal app with new shopping features, and announced other features coming soon, including a savings account and other investment capabilities. It's clear th Show less Read more
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