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They might get a short term pop, but it probably would not last. The company is just too big, although I suspect that they will be accepting cryptos at some point. Yesterday, Square announced that its Cash App customers could now "instantly" buy and sell bitcoin. The stock closed up 3% for the day. It is down 3% this morning.
I closed my position in PYPL today @77.47. I originally bought EBAY in 2013, and got the Paypal for free when they spun it off. Cost basis can be difficult to figure when this happens, but I calculate it as 38.70. Was bought in my 401K brokerage account, so I do not believe I have any need to track cost basis, but it is good to know.
PayPal is buying payments start-up iZettle for $2.2 billion ahead of IPO cnbc.com Zettle provides mobile card readers and other digital payment products to small businesses. A merger would catapult PayPal into hundreds of thousands of brick-and-mortar storefronts globally in an effort to bring its digital payments tool into physical retailers and compete with companies, like Square.
PayPal Significantly Enhances Global Payout Capabilities With Acquisition of Hyperwallet businesswire.com Hyperwallet’s global payout platform provides growing organizations with a fast, efficient, and transparent way to distribute funds to payees almost anywhere in the world. Trusted by enterprise, ecommerce, and on-demand platforms, Hyperwallet makes it easy to deliver a superior payment experience through a single integration. Put your payees in control with a range of convenient payment methods, enhanced financial management tools, integrated payment tracking, and user-friendly compliance and identity verification. Hyperwallet has offices in San Francisco, Austin, London, Sydney, and Vancouver.
PayPal to Acquire Simility to Expand Global Fraud Prevention and Risk Management Capabilities for Merchants markets.siliconinvestor.com “Digital commerce has exploded, and fraudsters have taken note, adapting and developing new methods to carry out their crimes,” said Bill Ready, chief operating officer, PayPal. “PayPal has been at the forefront of developing innovative fraud prevention and risk management solutions for nearly 20 years, and now, merchants will be able to configure those solutions to manage the unique complexities of their businesses. Together with Simility, we will be able to put more control in the hands of our merchants to fight fraud while helping make commerce experiences faster and more secure.”