Evercore Says PayPal's Crypto Offering Could Bring Big Business Boost
An Evercore analyst named PayPal as the top payments stock and said its recently launched cryptocurrency offering could boost margins.
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Advisory company Evercore has named PayPal (PYPL) as its top payments stock and said the firm's recently launched cryptocurrency offering could be good for profitability.
- According to a Bloomberg report Monday, Evercore ISI research analyst David Togut said PayPal's move into cryptocurrency could "substantially increase both customer engagement and transaction margin."
- The introduction of QR codes, too, is helping PayPal achieve its goal of offering services across multiple payments channels, Togut said.
- As e-commerce continues to grow, PayPal has assumed a "superior market position as a digital and mobile merchant acquirer with a strong mobile wallet" and various payment services, he wrote.
- PayPal confirmed its plans to launch crypto buying and selling, as well as crypto merchant payments, in an Oct. 21 announcement that sent shockwaves across the industry.
- Soon after it launched – earlier than planned – for U.S. users, allowing them to buy, hold and sell bitcoin, ether, bitcoin cash and litecoin.
See also: PayPal CEO Schulman Says He’s Bullish on Bitcoin as a Currency
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
