In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
I think PYUSD could be a gamechanger because hundreds of millions of PayPal users have access to it. There were 431 million active PayPal accounts in the second quarter of 2023, Statista estimates.
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PayPal Holdings (PYPL) is making money. The finance app maker reported a quarterly gross profit of $2.763 billion and a quarterly operating income of $711 million on 31 March 2022.
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For example, Statista estimates PayPal’s total transaction volume grew from $285.45 billion in the first quarter of 2021 to $310.99 billion in the second quarter of 2021. Additionally, PayPal’s total transaction volume grew from $221.73 billion in the second quarter of 2020.
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Thus, tokenized stocks could provide a high-growth alternative to stablecoins. Yet I do not think tokenized stocks offer any real advantage to traditional stocks for American investors.
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.
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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.
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