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PayPal: ‘Strongest first-quarter results’ in company history

Global payments provider PayPal (NASDAQ: PYPL) on Wednesday reported Q1 2021 net revenues of $6.03 billion, up 29% year-over-year, and beating the $5.9 billion estimate of analysts surveyed by TipRanks.

PayPal said non-GAAP earnings per share (EPS) was $1.22, 20 cents better than Seeking Alpha’s estimate, and GAAP EPS was 92 cents, 28 cents ahead of estimates. GAAP EPS increased 1,200% over Q1 2020 and non-GAAP EPS was up 84%.

The stock price was up more than 4% in after-market trading following...

https://www.freightwaves.com/news/paypal-strongest-first-quarter-results-in-company-history

Venmo customers now can buy and sell cryptocurrencies in app

PayPal enables customers to buy crypto on Venmo

Weeks after it announced customers could begin to use cryptocurrencies for payment, PayPal (NASDAQ: PYPL) has added the ability to buy and sell four popular cryptocurrencies on its Venmo app.

Crypto on Venmo will also include cryptocurrency trends and access to in-app guides and videos to help answer commonly asked questions about cryptocurrencies. Customers using crypto on Venmo can choose from four types of cryptocurrency: Bitcoin (BTC-USD), Ethereum (ETH-USD), Bitcoin Cash (BCH-USD) and...

https://s29755.pcdn.co/news/venmo-customers-now-can-buy-and-sell-cryptocurrencies-in-app

PayPal enables consumer crypto payments

PayPal adds crypto payments for consumers

Consumers with a preference for cryptocurrencies can now use PayPal to make online payments at checkout using their preferred unit of currency.

PayPal (NASDAQ: PYPL) has introduced Checkout with Crypto, an offering that enables PayPal Wallet holders of cryptocurrencies such as bitcoin to use that currency at checkout and PayPal will automatically convert the payment to U.S. dollars with no additional integrations or fees for businesses. Transactions in other currencies will be settled based on...

https://s29755.pcdn.co/news/paypal-enables-consumer-crypto-payments