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PAYPAL HOLDINGS, INC.

(PYPL)
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PayPal : Mastercard and digital currency exchange Gemini to launch crypto rewards credit card

04/27/2021 | 07:09am EDT
FILE PHOTO: Illustration photo of a Mastercard logo on a credit card

LONDON (Reuters) - Mastercard Inc and U.S. cryptocurrency exchange Gemini will launch the first credit card that gives users digital currency "rewards" on purchases this year, deepening the involvement of major payment firms in the emerging asset class.

Users of the card will from this summer receive up to 3% in bitcoin or other cryptocurrencies on their purchases, the companies said in a statement, with the digital currency deposited in the cardholder's Gemini account.

The card will be issued by WebBank, a Utah-based digital lender.

Payment giants from Mastercard and Visa Inc to PayPal Holdings Inc have stepped up their engagement with cryptocurrencies in recent months, as larger investors and companies warm to bitcoin and its kin.

Mastercard said in February it was planning to offer support for some cryptocurrencies on its network this year, while Visa will also allow the use of cryptocurrency to settle transactions on its payment network.

"As consumers go about spending in various acceptance locations, now they get a chance to earn reward in the form of crypto," Raj Dhamodharan, Mastercard's head of digital assets and blockchain products & partnerships, said.

The card will be available in the United States.

(Reporting by Tom Wilson; editing by Philippa Fletcher)


© Reuters 2021
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Financials (USD)
Sales 2021 25 816 M - -
Net income 2021 3 954 M - -
Net cash 2021 10 093 M - -
P/E ratio 2021 75,6x
Yield 2021 -
Capitalization 289 B 289 B -
EV / Sales 2021 10,8x
EV / Sales 2022 8,74x
Nbr of Employees 26 500
Free-Float 90,5%
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Technical analysis trends PAYPAL HOLDINGS, INC.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 50
Average target price 314,90 $
Last Close Price 246,29 $
Spread / Highest target 52,3%
Spread / Average Target 27,9%
Spread / Lowest Target -43,6%
EPS Revisions
Managers and Directors
NameTitle
Daniel H. Schulman President, Chief Executive Officer & Director
John D. Rainey CFO & Executive VP-Global Customer Operations
John J. Donahoe Chairman
Sripada Shivananda Chief Technology Officer & Executive VP
Jonathan Christodoro Independent Director
Sector and Competitors
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