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MarketScreener Homepage  >  Equities  >  Nasdaq  >  PayPal Holdings, Inc.    PYPL

PAYPAL HOLDINGS, INC.

(PYPL)
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BlockFi partners with Visa to launch bitcoin rewards credit card

12/01/2020 | 01:09pm EST

Dec 1 (Reuters) - Cryptocurrency startup BlockFi said on Tuesday it would partner with Visa Inc, Evolve Bank and credit card firm Deserve to offer a credit card that lets users earn bitcoin on purchases.

Card users will receive a 1.5% cashback on an accrual basis for every transaction made through the card, which will then be converted to bitcoin and placed into a BlockFi account in a regular monthly cycle.

The service will initially be offered only in the United States and the shipping of cards will start in spring next year, BlockFi said in a blog https://blockfi.com/join-the-waitlist-for-the-worlds-first-ever-bitcoin-rewards-credit-card post.

The move by BlockFi comes after PayPal Holdings Inc in October said https://www.reuters.com/article/paypal-cryptocurrency-int-idUSKBN2762D5 it would allow customers to hold bitcoin and other virtual coins in its online wallet and shop using cryptocurrencies, a move which could help bitcoin and rival cryptocurrencies gain wider adoption as viable payment methods.

Bitcoin has surged about 160% this year, fueled by demand for riskier assets amid unprecedented fiscal and monetary stimulus, interest in assets perceived as resistant to inflation and expectations that cryptocurrencies will win mainstream acceptance. (Reporting by Sohini Podder in Bengaluru; Editing by Amy Caren Daniel)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BITCOIN - EURO -6.72% 25015.26 Real-time Quote.12.92%
BITCOIN - UNITED STATES DOLLAR -7.12% 30269.19 Real-time Quote.12.01%
PAYPAL HOLDINGS, INC. -2.72% 241 Delayed Quote.2.90%
VISA INC. 0.51% 202.01 Delayed Quote.-7.64%
All news about PAYPAL HOLDINGS, INC.
09:03aPAYPAL : KeyBanc Adjusts PayPal Holdings' Price Target to $300 From $235, Reiter..
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08:31aPAYPAL : Bernstein Reinstates PayPal Holdings at Outperform With $297 Price Targ..
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06:57aPAYPAL : Morgan Stanley Adjusts PayPal Holdings' Price Target to $297 From $229 ..
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01/26PAYPAL : UBS Adjusts Price Target on PayPal Holdings to $250 From $203, Maintain..
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01/25Online merchants linked to QAnon down, but not out, following platform bans
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01/25PAYPAL : Wedbush Adjusts PayPal Holdings' PT to $275 From $250 on ECommerce's 'S..
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01/22PAYPAL : BofA Securities Adjusts PayPal Holdings' Price Target to $282 From $235..
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01/21ELON MUSK : Elon Musk to offer $100 million prize for 'best' carbon capture tech
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01/21EBay Credit Rating Outlook Revised to Positive by Fitch as It Refocuses on E-..
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01/21PAYPAL : BTIG Upgrades PayPal Holdings to Buy From Neutral, Sets $300 Price Targ..
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More news
Financials (USD)
Sales 2020 21 426 M - -
Net income 2020 3 400 M - -
Net cash 2020 8 022 M - -
P/E ratio 2020 83,7x
Yield 2020 -
Capitalization 282 B 282 B -
EV / Sales 2020 12,8x
EV / Sales 2021 10,7x
Nbr of Employees 23 200
Free-Float 90,7%
Chart PAYPAL HOLDINGS, INC.
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PayPal Holdings, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends PAYPAL HOLDINGS, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 46
Average target price 249,20 $
Last Close Price 241,00 $
Spread / Highest target 45,2%
Spread / Average Target 3,40%
Spread / Lowest Target -48,5%
EPS Revisions
Managers and Directors
NameTitle
Daniel H. Schulman President, Chief Executive Officer & Director
John J. Donahoe Chairman
John D. Rainey Chief Financial Officer
Sripada Shivananda Chief Technology Officer & Senior Vice President
John H. Kunze SVP-Global Consumer Product & Technology
Sector and Competitors
1st jan.Capitalization (M$)
PAYPAL HOLDINGS, INC.2.90%282 378
VISA INC.-7.64%472 153
MASTERCARD INCORPORATED-8.19%326 692
PALO ALTO NETWORKS, INC.-0.32%34 302
AVAST PLC-4.65%7 239
MIMECAST LIMITED-21.55%2 849