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PAYPAL HOLDINGS, INC.

(PYPL)
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Venmo Launches Feature for Cryptocurrency Transactions

04/20/2021 | 04:39am EDT

By Dave Sebastian

PayPal Holdings Inc.'s Venmo said it has introduced a feature for cryptocurrency transactions on its platform, the latest company to enter the market for digital currencies.

The move follows PayPal's announcement last year that it would allow its millions of U.S. users to sell, buy and hold cryptocurrencies. Venmo on Tuesday said users would be able to view cryptocurrency trends and transact in Bitcoin, Ethereum, Litecoin and Bitcoin Cash.

Venmo said it is rolling out the feature Tuesday, and the feature will be available for all customers within the next few weeks.

Users can start transacting with as little as $1, including through their existing balance on the Venmo app, it said. Venmo said the feature is enabled through PayPal's partnership with Paxos Trust Co., a provider of cryptocurrency products and services.

Venmo said users will have the option to share their cryptocurrency transaction activities publicly, similar to the cash transactions it already hosts.

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires

04-20-21 0639ET

Stocks mentioned in the article
ChangeLast1st jan.
BITCOIN - EURO -1.36% 34835.13 Real-time Quote.49.62%
BITCOIN - UNITED STATES DOLLAR -1.47% 41320.65 Real-time Quote.45.13%
DJ INDUSTRIAL -0.42% 34935.47 Delayed Quote.14.63%
ETHEREUM (ETH/BTC) 1.29% 0.059424 Real-time Quote.130.28%
ETHEREUM (ETH/EUR) -0.24% 2067.27 Real-time Quote.244.65%
ETHEREUM - UNITED STATES DOLLAR -0.32% 2454.67 Real-time Quote.234.78%
LITECOIN (LTC/BTC) -0.46% 0.003461 Real-time Quote.-19.08%
LITECOIN (LTC/EUR) -1.61% 120.65 Real-time Quote.20.84%
LITECOIN - UNITED STATES DOLLAR -1.80% 143.13 Real-time Quote.17.50%
PAYPAL HOLDINGS, INC. -2.70% 275.53 Delayed Quote.17.65%
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Financials (USD)
Sales 2021 25 758 M - -
Net income 2021 4 148 M - -
Net cash 2021 8 820 M - -
P/E ratio 2021 78,7x
Yield 2021 -
Capitalization 324 B 324 B -
EV / Sales 2021 12,2x
EV / Sales 2022 9,83x
Nbr of Employees 26 500
Free-Float 90,4%
Chart PAYPAL HOLDINGS, INC.
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Technical analysis trends PAYPAL HOLDINGS, INC.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 49
Last Close Price 275,53 $
Average target price 328,17 $
Spread / Average Target 19,1%
EPS Revisions
Managers and Directors
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
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