PayPal Holdings, Inc.

PYPL

US70450Y1038

Business Support Services

Market Closed - Nasdaq Other stock markets 04:00:00 2024-10-04 pm EDT			5-day change	1st Jan Change
79.36 ^USD	+2.65%		+1.90%	+29.23%

Oct. 04	Sector Update: Financial Stocks Higher Friday Afternoon	MT
Oct. 04	PayPal Completes First Business Payment Using PYUSD Stablecoin	MT

PayPal Lets Business Accounts Buy, Hold and Sell Cryptocurrency

September 25, 2024 at 04:26 pm EDT

By Stephen Nakrosis

PayPal Holdings said most of its U.S. merchants will now be able to buy, hold and sell cryptocurrency directly from their PayPal business accounts.

The functionality for those accounts won't be available in New York at the launch, PayPal said on Wednesday.

PayPal also said business account holders will be able send and receive supported cryptocurrency tokens to and from external blockchain addresses.

The company said the move was to increase cryptocurrency's utility by making increased functionality available to millions of merchants in the U.S.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

09-25-24 1625ET

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	BITCOIN (BTC/USD)	63,552.40 USD	+1.17%	-4.26%	-
	PAYPAL HOLDINGS, INC.	79.36 USD	+2.65%	+1.90%	81.13B

Latest news about PayPal Holdings, Inc.

Sector Update: Financial Stocks Higher Friday Afternoon	Oct. 04	MT
PayPal Completes First Business Payment Using PYUSD Stablecoin	Oct. 04	MT
Coinbase to delist some stablecoins in Europe ahead of new regulations	Oct. 04	RE
Intuit Inc. On the road to recovery?	Oct. 03
BMO Capital Adjusts Price Target on PayPal Holdings to $73 From $72, Maintains Market Perform	Oct. 03	MT
PayPal Sees More Chinese Cross-Border E-Commerce Transactions Despite Threats of Higher US Duties	Oct. 01	MT
Nike Withdraws Full-Year Guidance, Postpones Investor Day	Oct. 01	DJ
New Street Adjusts Price Target on PayPal to $100 From $85, Maintains Buy Rating	Sep. 30	MT
Barclays Adjusts PayPal Holdings Price Target to $92 From $85, Maintains Overweight Rating	Sep. 27	MT
PayPal Holdings Enables US Merchants to Buy, Hold, and Sell Cryptocurrency	Sep. 26	MT
PayPal Lets Business Accounts Buy, Hold and Sell Cryptocurrency	Sep. 25	DJ
PayPal to let business accounts buy, hold and sell cryptocurrency	Sep. 25	RE
Shopify Merchant Adds Accelerating, Take Rates Likely Under Pressure, Oppenheimer Says	Sep. 23	MT
What's next?	Sep. 23
Deutsche Bank Adjusts Price Target on PayPal to $94 From $74, Maintains Buy Rating	Sep. 23	MT
Analysts recommendations: GM, Moody's, Dollar General, PayPal, Walmart...	Sep. 23
Consumer Stocks Rise as Nike Picks New Leader -- Consumer Roundup	Sep. 20	DJ
Dow Extends Record Closing Run, S&P 500 Falls as Markets Parse Fed Governors' Comments	Sep. 20	MT
Trending: Nike CEO Is Retiring	Sep. 20	DJ
Nike Faces Bumpy Road Ahead Even as New CEO Spurs Optimism, Truist Says	Sep. 20	MT
Nike to Replace CEO John Donahoe With Former Veteran Executive	Sep. 20	MT
Nike's new CEO may look to fix retailer ties in sales revival push	Sep. 20	RE
Nike: John Donahoe resigns as CEO	Sep. 20	CF
Nike's shares jump after it announces plan to replace CEO	Sep. 20	RE
Nike Announces CEO Changes	Sep. 19	CI

PayPal Holdings, Inc. is one of the main global providers of online payment services. The company enables individuals and professionals to purchase and to sell goods and services, as well as make transfers and withdrawals. Paypal Holdings operates a technology platform equipped with solutions (Paypal, PayPal Credit, Venmo and Braintree brands) designed to facilitate safeguarded payments via merchant websites, mobile payment devices, and through shops. Net sales break down by source of revenue as follows: - revenues from transactions (90.2%); - revenues from value-added services (9.8%). At the end of 2023, PayPal Holdings, Inc. has 426 million active accounts. The United States accounts for 58% of net sales.

Employees

27,200

Sector

Business Support Services

Calendar

2024-10-28 - Q3 2024 Earnings Release

More about the company