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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 -4.78% 30498.825 Real-time Quote.29.20%
PAYPAL HOLDINGS, INC. -0.94% 239.79 Delayed Quote.2.39%
VISA INC. -0.13% 201.59 Delayed Quote.-7.84%
All news about PAYPAL HOLDINGS, INC.
09:00aWall St Week Ahead-Earnings season to test surge in regional banks stocks
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01/16Earnings season to test surge in regional banks stocks
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01/15PAYPAL : Mizuho Raises PayPal Holdings' Price Target to Street-High $350 from $2..
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01/15Earnings season to test surge in regional banks stocks
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01/15U.S. DISTRICT COURT INVALIDATES TWO : The Disclosure Clauses And The Thirty-Day..
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01/14MARKET CHATTER : PayPal Holding Reportedly Takes Full Control of China's GoPay
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01/14PAYPAL : Berenberg Adjusts PayPal Holdings' Price Target to $280 From $205, Keep..
MT
01/14EQS-NEWS : Competition among the Three Major Merchant Acquiring Platforms in the..
DJ
01/14MARKET CHATTER : PayPal First Foreigner to Gain 100% Ownership of Payments Compa..
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01/14PayPal becomes first foreign firm in China with full ownership of payments bu..
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More news
Financials (USD)
Sales 2020 21 424 M - -
Net income 2020 3 433 M - -
Net cash 2020 8 014 M - -
P/E ratio 2020 83,3x
Yield 2020 -
Capitalization 281 B 281 B -
EV / Sales 2020 12,7x
EV / Sales 2021 10,7x
Nbr of Employees 23 200
Free-Float 90,7%
Chart PAYPAL HOLDINGS, INC.
Duration : Period :
PayPal Holdings, Inc. Technical Analysis Chart | PYPL | US70450Y1038 | MarketScreener
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 239,20 $
Last Close Price 239,79 $
Spread / Highest target 46,0%
Spread / Average Target -0,25%
Spread / Lowest Target -48,3%
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.2.39%280 960
VISA INC.-7.84%471 171
MASTERCARD INCORPORATED-9.44%322 266
PALO ALTO NETWORKS, INC.2.67%35 329
AVAST PLC-0.74%7 459
MIMECAST LIMITED-22.13%2 828