PayPal is on the rise. Business is growing rapidly. Although now the rating is also very high. Sales grew 24.2% to $12.3 billion in the first half of the year. Profits rose 41.3% to $2.3 billion. The average PayPal customer now processes 43.5 transactions per year on the platform. This is an increase of 11 per cent compared to the previous year.
PayPal is being used by more and more people in their daily life and is used as a payment alternative to credit cards when making purchases on the Internet. Private transactions between users, on the other hand, are less attractive to PayPal. So the Moneypool event in September will be abolished. With MoneyPool, friends or colleagues can easily collect money, for example for birthdays or anniversaries. In turn, PayPal is strengthening other future-oriented services. In Great Britain, customers have been able to exchange their assets for crypto currencies and use them to pay with them since August.
Should investors sell now? Or is it worth joining PayPal?
There are four currencies available for starters: Bitcoin, Litecoin, Ethereum, and Bitcoin Cash. After the United States, Great Britain is the second country in which the service is to be launched. Other European countries are expected to follow in the next few months. Although PayPal has been making high profits for several years, it still hasn’t been paying dividends. Instead, the company prefers to spend money on share buybacks for already expensive stock. We would welcome a change in this strategy
Should PayPal Investors Sell Immediately? Or is it worth starting?
How Will PayPal Evolve Now? Is your money safe in this stock? The answers to these questions and why you need to act now can be found in PayPal Share’s latest analysis.
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