Any U.S. PayPal account holder will be able hold Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) in his or her digital wallet later this year, The Verge claims. PayPal (NASDAQ: PYPL) will accept cryptocurrency payments on Venmo in 2021, Reuters claims.Read more
I have to wonder what happens to PayPal’s Venmo if Cash App rolls out a cryptocurrency that is fast, scalable, and easy to use? Fortunately, for PayPal, today’s cryptocurrencies are slow, cumbersome, and hard to use.Read more
Thus, Jeff Bezos’ actual genius is not in retail or discounting but in saving time. Consequently, Amazon Prime offers one stop shopping, delivery, music, and streaming video.Read more
One reason PayPal grows is that it takes advantage of fresh opportunities. For example, PayPal added a quick read (QR) code reader to its mobile app, CNET reports.Read more
Impressively, I estimate PayPal added 26 million accounts between 2nd Quarter 2018 and 2nd Quarter 2019. In addition, Statista estimates PayPal’s peer-to-peer (P2P) app Venmo had 40 million active accounts and a $24-billion net payment volume in 2nd Quarter 2019.Read more
Given these numbers, payment processors are a value investment because they are cash-rich. PayPal is a very cash-rich company now, but Square could grow into a cash-rich company.Read more
Nor is just PayPal, Umar wants to let Ant Financial’s Alipay into Pakistan, The Express Tribune reports. It is easy to see why Umar is so eager to let PayPal into Pakistan. The finance minister wants to make it easier for money to enter his country through resources like PayPal.Read more
“Many people don’t know this, but the initial mission of PayPal was to create a global currency that was independent of interference by these, you know, corrupt cartels of banks and governments that were debasing their currencies,” Novek says in a video.Read more
Analysts base Stripe’s valuation upon the widespread use of its payment interfaces by businesses of all shapes and sizes. For example, Alphabet (NASDAQ: GOOG) uses a Stripe interface in Google Pay. Moreover, such venture capital favorites as Uber, Spotify, Didi Chuxing, and Grab use Stripe interfaces in their apps.Read more
These numbers demonstrate that Alphabet and PayPal are tremendous value investments. The two companies are quietly up vast platforms. Alphabet controls the largest media platform in human history, and PayPal has direct access to it.
The Alphabet/PayPal alliance will generate vast amounts of revenue. Investors and entrepreneurs should take advantage of it now.