Queen s Gambit Capital SPAC Shamelessly Names Itself After Trendy Netflix Movie zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
You have successfully joined our subscriber list.
Evercore noted that PayPal’s crypto offering will “substantially” boost its consumer engagement as well as transaction margin. PayPal has already witnessed massive demand for its crypto services within weeks of going live.
PayPal’s (NASDAQ: PYPL) entry into the crypto space has been one of the biggest announcements in 2020. Several market analysts have called this move a gamechanger for the crypto market as well as the financial industry. Advisory firm Evercore recently called PayPal Holdings Inc as its top financial stocks.
It has also backed PayPal’s decision to offer crypto trading services to its users. Evercore notes that PayPal’s recent entry into crypto could be good for the company’s profitability. On Monday, December 14, Evercore ISI research analyst David Togut said that PayPal’s entry into crypto could “substantially increase both customer engagement and transaction margin.”