Scumbag Paypal: Paypal to Earn $2 Billion in Revenue From Its Bitcoin Business, Says Analyst – My Comments
BIZARRE: Russia: Scientists to create a genetic weapon against Anglo-Saxons
This is a bizarre story from Russia. I have the link to the original Moscow Times article in Russian which you are welcome to translate. I have published the translation as well as the original text. Now you will see the crazy type of stuff Russians publish in Russia.
[I think of all the companies that I hate, from personal experience, I hate Paypal the most. They stole my money, f*cked me around, etc. I truly detest this company of pompous Liberal bags of shit. They seem to have brought Bitcoin into their business, and they're doing very well with it. I will never use Paypal again. I hate them so much. Jan]
Mizuho Securities analyst Don Dolev has forecast that Paypal will earn up to $2 billion in revenue from its bitcoin business by 2023. This year, he expects that the payment giant’s overall revenue will climb 20%.
Dolev says there has been a “dramatic increase in engagement due to crypto,” with 50% of Paypal crypto users opening the app daily. “Both our survey and management commentary unveil a dramatic increase in engagement due to crypto,” said Dolev in a note to clients this week.
Paypal announced in October that its 346 million active users will now be able to buy, hold and sell bitcoin and other digital assets using their Paypal accounts. The company’s crypto service, which runs on Paxos’ fiat-to-crypto exchange, Itbit, has seen an explosion of interest ever since.
At one time, Paypal was buying 70% of all newly minted bitcoin. Dolev’s survey found that bitcoin (BTC) traders use the Paypal app three times as much as non-bitcoiners and that they had significantly higher cash balances on their Paypal digital wallets.
Dolev raised his target price for the Paypal stock to $350 from $290. The stock closed 0.94% down at $239.79 on the Nasdaq Stock Exchange on Friday. Over the past 52 weeks, the shares have reached a high of $249.85 and a low of $82.07.
In a related development, Lisa Ellis, analyst at Moffett Nathanson, predicted that Paypal’s crypto business will contribute up to $600 million to group revenue in 2021. “Over the long-term, we believe Paypal’s cryptocurrency initiatives have significant strategic value,” she was quoted as saying by Market Watch.
Ellis added that this will help “diversify the Paypal and Venmo apps into ‘destination apps’ for a broad range of financial services, and positioning Paypal to help shape the long-term role of cryptocurrencies in the consumer payment system.”
Source: https://news.bitcoin.com/paypal-to-earn-2-billion-in-revenue-from-its-bitcoin-business-says-analyst/
Black Monday in 2017! The Biggest White protest about Farm Murders
128 Photos: The Day of White anger over Farm Murders! STOP KILLING OUR WHITE FARMERS!!! This was the biggest White protest in the history of South Africa. You‘ll be blown away by what Whites did that day!