Company also provides the ability for business accounts to externally transfer cryptocurrency SAN JOSE, Calif., Sept. 25, 2024 /PRNewswire/ -- PayPal Holdings, Inc. (NASDAQ: PYPL) announced it is enabling its U.S. merchants to buy, hold and sell cryptocurrency directly from their PayPal business account. At launch, this functionality for Business Accounts will not be available in New York State. Today's announcement is PayPal's latest step to increase cryptocurrency's utility by making increased functionali ...

There aren’t many deals to consider for further value in the technology sector. However, one stock is looking to change that narrative by delivering on previous promises. Shares of PayPal Holdings Inc. NASDAQ: PYPL have recently made a new 52-week high, now trading near $80 a share for the first time since the first quarter of 2023. The issue becomes whether they can sustain this new price or even reach a higher valuation.PayPal TodayPYPLPayPal$78.34 +0.67 (+0.86%) 52-Week Range$50.25▼$78.83P/E Ratio19.73Pr ...

It's gaining momentum, and now might be the right time to buy.PayPal Holdings (PYPL 0.86%) might turn out to be one of the year's best turnaround stories. It started the year on a positive note, with a new CEO and trajectory, and so far PayPal stock is up 25% year to date.Let's see if that's likely to continue, and where PayPal might be at this time next year.Platform: ImprovingNew CEO Alex Chriss has a vision to transform PayPal from what he calls a "series of products and services" into a unified, complet ...

In the latest trading session, Paypal (PYPL) closed at $78.34, marking a +0.86% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.25% for the day. At the same time, the Dow added 0.2%, and the tech-heavy Nasdaq gained 0.56%.Coming into today, shares of the technology platform and digital payments company had gained 7.82% in the past month. In that same time, the Computer and Technology sector lost 0.11%, while the S&P 500 gained 1.65%.Market participants will be closel ...

Core Insights - PayPal Ventures has made an additional investment in Chaos Labs, a blockchain risk management company, reflecting confidence in their vision for a safer crypto ecosystem [1] - Chaos Labs recently completed a $55 million Series A funding round, with participation from various investors including PayPal Ventures [2] - The investment will be made in PayPal's stablecoin, PYUSD, which is designed to enhance payment opportunities and is fully backed by U.S. dollar deposits and equivalents [3] Group 1 - PayPal Ventures' investment aims to support Chaos Labs in launching innovative products like Edge, which addresses oracle vulnerabilities in DeFi applications [1] - Chaos Labs' CEO highlighted that Edge provides contextualized risk and price data for various assets, including stablecoins and real-world assets [2] - The company was founded to secure DeFi protocols against economic vulnerabilities and market manipulation [2] Group 2 - PYUSD, introduced by PayPal in August 2023, is a U.S. dollar-pegged stablecoin that is 100% backed by U.S. dollar deposits and short-term Treasuries [3] - The stablecoin is available on the Solana blockchain, enhancing its speed and cost-effectiveness for users [3]

Lower interest rates can do wonders for financial technology companies (Fintech) which strive to improve and automate financial services.In an ever-evolving technological landscape and business environment, several popular fintech stocks are standing out and should benefit as the Fed decided to cut the central bank's benchmark rate by 50 basis points today.PayPal’s Resurgence: Payment Solutions LeaderSporting a Zacks Rank #1 (Strong Buy), PayPal’s (PYPL)  steady growth trajectory has become more believable ...

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. The content in this article is for informational, educational, and entertainment purposes only. This ...

Amazon launched a new integration with PayPal amid a surge in Buy with Prime use.The eCommerce giant revealed several enhancements to its merchant and shopper offerings at its Accelerate seller conference, according to a Wednesday (Sept. 18) press release.Among the enhancements, participating brands using the Buy with Prime API can now offer PayPal at checkout once shoppers log in to their Amazon account, per the release.Beginning in 2025, Prime members will be able to perform a one-time link of their Amazo ...

PayPal (NASDAQ: PYPL ) is making solid progress in its ambition to regain investor interest and confidence. Indeed, Q2 results highlight a 9% YoY revenue growth and a 36% YoY jump in EPS, while the company is using basically all ofExperience as an investment analyst for a major BB-Bank, as well as private equity consultant for MBB. Currently working towards the CFA charter, having completed I&II. Passion for risk-assets (Growth, Contrarian, Emerging Market) ex-colleague and close friend of Investor ExpressA ...

PayPal's new management team is making some big moves that aren't reflected in the numbers just yet.PayPal (PYPL 1.38%) still trades for a cheap valuation, is generating over $5 billion in annual free cash flow, has an excellent balance sheet, and is becoming a leaner, more efficient business. Its new management team has made some interesting moves in recent months, and it might take a while for that to be reflected in PayPal's results. Here's why I think the stock is a no-brainer buy in the meantime.*Stock ...