What's up With PayPal and its Crypto Ambition?

The ubiquitous payments firm has grown up, left eBay behind, and now has ambitions in crypto, social commerce and buy-now-pay-later

James Gard 18 November, 2021 | 8:00
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Our latest stock of the week poll gave our Twitter followers the choice of some high-profile overseas companies that have reported in the last few days, including Walt Disney, Tencent and Adidas. But they’ve gone for PayPal (PYPL), the digital payments company that has big ambitions in the (you guessed it) crypto space.

Readers of a certain age will remember PayPal as one of the first movers of the Web 1.0 era, and probably first came into contact with the company when they’ve paid (or been paid) for something on eBay, another stalwart of e-commerce’s infancy.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
eBay Inc67.46 USD-4.38
PayPal Holdings Inc184.89 USD-1.26Rating
Tesla Inc1,144.76 USD0.68Rating

About Author

James Gard  is content editor for Morningstar.co.uk

 

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