According to some data, 337 million people use PayPal.
If you use PayPal on a regular basis or want to invest in their stock, you should keep up on the latest news on PayPal.
Thankfully, you came to the right place. Keep reading to find out about what they’re working on and what their stocks are at!
Invest in Cryptocurrency
PayPal launched the start of its crypto service in October of 2020. And for people who are new to cryptocurrency investing, it’s been a great way to get them started with it.
Now, not only can you invest, but you can also buy, sell, or even hold it even in international markets. However, PayPal says that in the future, you’ll be able to trade stocks as well!
If you’re interested in learning more about this, make sure you check out: “Crypto Cash-Out, PayPal Now Accepting Bitcoin | ByteFederal”.
Spend Cryptocurrency
Now that you can buy and invest in cryptocurrency, many people will also able to use it to make transactions and purchase everyday goods.
This makes it an easy way for people to use it just like they would with United States currency.
Even though this hasn’t been rolled out yet, many people are excited about what it could mean for PayPal. That means that the digital wallet could be expanded even more to offer more ways of purchasing something.
When most people try to buy something with cryptocurrency, there are normally a lot of fees due to the exchange rate between cryptocurrency and American dollars. That makes it difficult to actually buy anything.
However, there are only a limited number of merchants that are accepting BitCoin. As this becomes more normalized, this merchant number will go up, which puts PayPal ahead of its curve.
Digital Wallets
In 2020, PayPal realized that they were growing even more rapidly even though COVID-19 was affecting the economy.
However, because of the pandemic, they decided that they were going to focus on creating a fully digital wallet. They already had Venmo, their app for sharing money, but now they offered the ability to pay with your PayPal.
They also launched their PayPal credit card. This card has a zero interest rate, and it’s tied to PayPal’s digital wallet. This makes it seem even more like a bank, and many people have even started using it as such!
Tools for Budgeting
If you’re going to use PayPal as your banking system, you could even have an option to use savings and budget tools as well.
PayPal hasn’t launched these yet, but you could find them in the future. This will encourage more users to keep funds in their PayPal account rather than transferring it to a card or their other bank.
Because of this, people may even decide to ditch their other traditional form of banking and just rely on their PayPal account. Doing this will only bring in more revenue for PayPal.
Payments for Physical Stores
While more and more people have used their PayPal account to buy things online, soon they may be able to do it in physical stores as well.
That’s why they’re working on enhancing their QR code payment system. That way, PayPal can have QR codes at cash registers in physical stores.
It’s a contactless point-of-sale system for merchants. A customer would scan the QR code and automatically pay with the funds that are in their PayPal account.
However, this could still take years to create and implement. Some stores already do something like this, like Nike and CVS Health. But PayPal is focused on bringing it to even more stores.
By doing this, PayPal will become a regular app on people’s phones and could be used even more!
Shopping Tools
In 2019, PayPal bought Honey, an online coupon and shopping app.
They bought it in hopes of integrating Honey directly into their PayPal user face. In 2021, we’ve finally started seeing some of that integration.
If you look at an online item with PayPal, you’ll start to see price monitoring, coupons, rewards, deals, and wish lists for an item.
This helps consumers be smart about what they’re buying and learn how to save money on it as well. Now with Honey seamlessly designed into PayPal, it will be even easier for users of both.
It also gives sellers the opportunity to target items directly to specific people.
Should You Buy the Stock?
In addition to all of the exciting new features that PayPal is bringing to the table, they’re also expanding on a market where cash is becoming irrelevant.
Many people are buying things online due to the COVID-19 pandemic, and it will likely stay that way for the future.
Also, because of how easy it’s becoming to use, more and more people are signing up to use PayPal or any of their assets like Honey or Venmo.
PayPal is keeping a close eye on the trends, so they won’t be going anywhere any time soon. If it fits in your budget, PayPal would be one of the best investment options.
Discover More News on PayPal
These are only a few of the most recent news on PayPal, but there are many more things to keep an eye on!
We know that keeping up with all of the latest technology trends can be stressful and overwhelming, but we’re here to help you out.
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