PayPal launches feature for Venmo credit cardholders to buy crypto automatically

  • PayPal (NASDAQ:PYPL) introduces Cash Back to Crypto to enable Venmo credit cardholders to automatically purchase cryptocurrency from their Venmo account using cash back earned from card purchases, according to PayPal .
  • There are no transaction fees associated with the automatic crypto purchase feature; there's a crypto conversion spread built into each monthly transaction. Customers can choose to purchase bitcoin (BTC-USD), ethereum (ETH-USD), litecoin (LTC-USD), and bitcoin cash (BCH-USD).

    Over the current book year the company from San Jose's total revenue could be around 25.77 billion USD (consensus estimates). This is quite more than 2021's revenue of 21.45 billion USD.

    Historical revenues and results PayPal plus estimates 2021


    The analysts expect for 2021 a net profit of 5.6 billion USD. The majority of the analysts expects for this year a profit per share of 4.73 USD. The price/earnings-ratio therefore equals a very high 59.09.

    Analysts don't expect the company to pay a dividend. The average dividend yield of the financial companies equals a relatively high 2.28 percent.

    Based on the current number of shares PayPal 's market capitalization equals 327.87 billion USD. 39

    Historical stock prices PayPal

    historical stocks paypal

    On Tuesday the stock closed at 279.51 USD. Nieuwsdienst: +31 084-0032-842

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