#How Much Money is PayPal (PYPL) making? | Explore Tumblr posts and blogs

daniel1972777 · 4 years ago

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Buy Paypal verification code. How Much Are PayPal Holdings, Inc. (NASDAQ:PYPL) Insiders Taking Off The Table? PayPal: 20% Down From Peak, Attractive Ahead Of Q1 Results. PayPal Holdings (PYPL) Q1 2021 Earnings Call Transcript

This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or Buy Paypal verification number inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.

The Motley Fool owns shares of and recommends PayPal Holdings. The Motley Fool recommends the following options: long January 2022 $75.0 calls on PayPal Holdings. The Motley Fool has a disclosure policy.

You can find the reconciliation of these Buy Paypal verification code measures to the most directly comparable GAAP measures in the presentation accompanying this conference call. Management will make forward-looking statements that are based on our current expectations, forecasts, and assumptions and involve risks and uncertainties. These statements include our guidance for the second-quarter and full-year 2021. Our actual results may differ materially from these statements.

You can find more information about risks, uncertainties, and other factors that could affect our results in our most recent annual report on Form 10-K and quarterly report on Form 10-Q filed with the SEC and available on the Investor Relations section of our website. You should not place undue reliance on any forward-looking statements. All information in this presentation is as of today's date, May 5, 2021. We expressly disclaim any obligation to update this information.

Thanks, Gabrielle, and thanks, everyone, for joining us today. I'm pleased to say that on the heels of the strongest year in PayPal's history, we just completed our strongest quarter ever with record financial and operating results. Customers across the world have clearly embraced the digital economy, and PayPal has become an essential platform for both consumers and merchants. Consequently, I'm pleased to share that we are raising our annual targets for revenue, EPS, TPV, and net new active accounts.

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tooweirdtoliveandtooraretod-blog · 6 years ago

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How Capital One Makes its Profits

Banking is a to some degree static business with few moving parts and little spot for noticeable mechanical headway, in any event contrasted with the oil or PC enterprises. Not incidentally, the vast majority of the biggest banks in the United States are the ones that begun early and have figured out how to stick around since. Every one of the four greatest banks by market capitalization are over exceptionally old. Wells Fargo and Co. (WFC) was established in 1852 and Citigroup Inc. (C) in 1812. JPMorgan Chase and Co. (JPM) can follow its beginnings right to 1799. Bank of America (BAC), the puppy of the group of four, goes back just to 1904. As it were.

This brings up a significant issue: how did Capital One Financial Corp. (COF), established in 1994, become rapidly enough to have its spot close by the set up titans of the business?

Offspring of the '90s

Capital One started its autonomous life as the charge card operater of a bigger bank, similarly as the American affinity for moment satisfaction was making its mark. In the event that you think individuals in a bad position understanding the ideas of "least installment" and "yearly rate," you ought to have seen the scene back when charge cards were truly beginning to make their mark. A portion of the techniques Capital One used to get piece of the overall industry appeared to be superfluous at that point and barely worth referencing now, yet they were basic. Moves as basic as enabling cardholders to plan their very own cards, or incorporate the logo of their football crew or school, gave cardholders a feeling of pride that converted into progressively continuous spending. That is something that a card with only a MasterCard Inc. (Mama) or Visa Inc. (V) logo couldn't do.

Capital One has three announcing sections. In sliding request of size, those incorporate charge cards, shopper banking, and business banking. Despite the fact that the organization is known solely for broadening shopper credit, Capital One can likewise advance you cash for a home loan or a business.

In monetary year 2017, Capital One's absolute net income was $27.2 billion. That figure sounds amazing, and as it should be. The earlier year, the organization got $25.5 billion. The costs that Capital One spent to acquire that intrigue are insignificant, too. Non-intrigue costs were under $14.2 billion of every 2017, which offers sponsorship to the way that charge cards are unbelievably beneficial. All the inescapable advancement, publicizing, and advertising that Capital One attempts is nothing contrasted with how a lot of cash the organization procures from those unassuming however ground-breaking little cards. They make up 62.4% of the organization's income and 60.9% of its pay.

Not Just Plastic

Customer banking remains a subordinate to Capital One's charge card business, though a significant one. The fragment represented $2.26 billion in income a year ago, enormous in supreme terms. In the same way as other enormous organizations, and banks specifically, Capital One is by all accounts moving toward its breaking points. For that you can fault (or credit, figuratively speaking) the developing number of non-bank and other non-customary money related firms including the PayPal Holdings Inc. (PYPL) age of loan specialists.

Be that as it may, Plastic Nonetheless

With Fed rates as low as they seem to be, how does a Mastercard guarantor profit? Nourished rates speak to simply a gauge for banks. Jerome Powell, the hawkish nourished director, has raised rates thrice since taking over in February 2018. In the event that Powell keeps on climbing rates, a business analyst may anticipate that Capital One and its rivals should stick to this same pattern. Luckily for Capital One, its clients don't feel that way.

The Bottom Line

Capital One would be a specialty organization if just individuals saw charge cards for what they are: a dependence on moment delight, as opposed to an advantageous method to postpone the present buys until the month's end. On the off chance that not specialty, at that point surely not a $41.5 billion powerhouse. Luckily for Capital One's financial specialists, the organization's affinity for examined, customized offers keep on recognizing it from generally contenders.

Capital One may seem to offer an ordinary item, yet those cards are definitely not. Each Mastercard is a fragile instrument, correctly tuned to get however much cash out of every cardholder as could be expected. For whatever length of time that the cardholders stay willing members in this one-sided undertaking, Capital One should just keep on developing.

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candssandsfx · 4 years ago

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Is cryptocurrency a good investment?

It is possible to get dirty rich by investing in cryptocurrencies. Or you could lose all your money. How can these two things be true? Like most investments, crypto-assets carry a number of risks, but they also carry huge potential rewards.

Cryptocurrency is a good investment if you want to benefit directly from the demand for digital currency and the projects or businesses it supports.

Various publicly traded companies may offer limited exposure to the cryptocurrency market, such as B. Square (NYSE: SQ), PayPal (NASDAQ: PYPL), MicroStrategy (NASDAQ: MSTR), or CME Group (NASDAQ: CME). However, these investments will not serve the same purpose in a cryptocurrency or blockchain project as investing directly in a crypto asset.

Are cryptocurrencies safe?

There are some risks in the crypto market that are not as prevalent in traditional financial markets, such as stocks and bonds. Cryptocurrency trading in India cryptocurrency exchange has been vulnerable to attacks and other criminal activity. These security breaches have resulted in significant losses for investors whose digital currencies have been stolen and never seen again.

Fraud and fraud are also prevalent in the crypto industry. Hyperactive who promise investors dazzling returns generally fail to deliver on their lofty promises, the best cryptocurrency to buy right now as they sell madman's gold far too often than legitimate blockchain projects. Investors who join the hype can suffer brutal losses if these projects ultimately fail.

Also, it is not so easy to store cryptocurrencies like stocks or bonds. While exchanges like Coinbase make it easy to buy and sell crypto assets like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), many people are unwilling to keep their digital assets on the stock exchange due to the risk mentioned above. as cyberattacks. and robbery. Instead, some prefer offline options for cold storage, for example, B. Hardware or paper wallets. However, cold storage comes with a number of challenges, namely the risk of losing your private keys, making it impossible to access your cryptocurrency.

There is also a risk that the crypto project you invest in will not be successful. There are thousands of blockchain projects and the competition is fierce. Regulators could also take action against the entire crypto industry if more governments view cryptocurrencies as a threat rather than an innovative technology.

Finally, it is important to understand that cryptocurrencies and blockchain in general are cutting-edge technologies. While this makes it exciting, it also increases the risk for investors, as much of this technology is still in development and has yet to be tested in real-life scenarios. Buying cryptocurrencies is a very early investment, and investors should expect venture capital-type results where the vast majority of crypto projects fail and become useless. Ultimately, only a small number of projects will be successful and it is not certain that these large gains will be enough to make up for the many losses.

Even so, the blockchain industry is growing faster every day. The financial infrastructure that is urgently needed, for example, buy and sell cryptocurrency institutional custody services and futures markets, is established, giving professional and individual investors the tools they need to manage and secure their crypto assets. Financial giants like PayPal and Square make it easy to buy and sell cryptocurrencies on their popular platforms.

Large companies like MicroStrategy and Square have collectively invested hundreds of millions of dollars in Bitcoin and other digital assets. Tesla (NASDAQ: TSLA) bought $ 1.5 billion worth of Bitcoin in early 2021 and planned to accept the currency as a form of payment in its cars. These companies clearly see the potential of cryptocurrencies, as do a growing number of individual investors, and believe that the industry has matured to the point where it is safe to invest substantial sums in crypto assets.

Is crypto a good long-term investment?

Ultimately, the profitability of crypto assets for investors depends on their wide acceptance.

Bitcoin, for example, is viewed by many as an investment similar to gold. Unlike fiat currencies like the US dollar and Japanese yen, which can apparently be printed at the will of politicians, Bitcoin has a maximum supply of nearly 21 million coins. As a result, many investors view Bitcoin as a rare asset that could increase in value due to the devaluation of fiat currencies. Others believe that Bitcoin could be widely used at some point as a digital form of cash, with some even saying that it has the potential to become the first truly global currency.

Meanwhile, Ethereum wants to serve as a global computing platform. It serves as a springboard for decentralized applications or "apps" that are open source and not controlled by a single organization. Ethereum allows the use of smart contracts, Best crypto trading in India the terms of which can be written directly in the code and executed automatically. These technologies could disrupt massive industries like real estate and banking, potentially creating entirely new markets.

If Bitcoin and Ethereum can achieve these goals, investors who buy their tokens today will likely be rewarded heavily in the years to come. However, there are many other projects that compete with these major cryptocurrency providers and their success is by no means assured.

Are there better investments than cryptocurrencies?

In addition to investing directly in cryptocurrencies, there are other ways to potentially benefit from blockchain technology.

A good option is to buy stocks in companies that are rapidly adopting this revolutionary technology. cryptocurrency earning in India mentioned above, Square and PayPal offer cryptocurrency services to their users, and the two major digital payment providers are well-positioned to capitalize on the growing use of Bitcoin and other digital assets. Investing in CME Group, which operates one of the largest Bitcoin futures exchanges, is another great way to capitalize on the growth of digital asset trading.

#forextrading capitalsands capitalsandsfx forex market24x365

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empresa-journal · 2 years ago

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Will Cryptocurrency Destroy PayPal (PYPL?)

PayPal (PYPL) has a heavy exposure to cryptocurrency. Some data show crypto comprises 67% of PayPal’s liabilities. PayPal Holdings (PYPL) held $604 million in cryptocurrency on 31 December 2023, CoinTelegraph reports. Bitcoin (BTC) is PayPal’s largest crypto holding. The company had $291 in BTC on 31 December 2023. Ethereum (ETH) is PayPal’s second largest crypto…

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ericvick · 4 years ago

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Bitcoin Stocks, Bitcoin Price Quiet As Elon Musk Predicts 'Broad Acceptance'

Tesla (TLSA) CEO Elon Musk on Sunday said Bitcoin was “on the verge of getting broad acceptance” from the traditional finance world. But the price of the cryptocurrency was largely unmoved, while Bitcoin stocks were mixed.

Musk, who overtook Amazon (AMZN) CEO Jeff Bezos last month as the world’s richest person, made the remarks in a conversation on the chat app Clubhouse, offering his latest signal of support for the digital currency.

“I do at this point think bitcoin is a good thing, and I am a supporter of bitcoin,” he said, according to various media outlets.

On Friday, Musk added the hashtag Bitcoin to the bio on his Twitter page. That continued a string Bitcoin price swings, which saw an all-time high of $41,940 last month, then a plunge below $30,000 soon after that.

IBD Live: A New Tool For Daily Stock Market Analysis

Bitcoin Price, Bitcoin Stocks

Bitcoin dipped 0.4% to around $33,500. Among Bitcoin stocks, Grayscale Bitcoin Trust (GBTC), which tracks Bitcoin’s movement, fell 2.5% in the stock market today.

Among other Bitcoin plays, PayPal (PYPL) added 1.6%. Square (SQ) fell 0.2%.

At the latest Bitcoin price, it held a market value of more than $677 billion, according to CoinMarketCap.

The cryptocurrency rallied last year on more mainstream adoption. Economic stimulus and central bank intervention last year also prompted a stampede into Bitcoin purchases.

PayPal has allowed users to buy and sell cryptocurrency from their accounts. Square has allowed users of its Cash App to make automatic recurring purchases of Bitcoin, and has bought $50 million of the digital asset. Massachusetts Mutual Life Insurance purchased $100 million in Bitcoin for its general investment fund.

American Express Ventures has invested in a cryptocurrency trading platform. Visa (V) will offer a credit card that lets users earn money back in the form of Bitcoin. JPMorgan (JPM) has put its own digital currency to commercial use.

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#acceptance #Bitcoin #Broad #Elon #Musk #Predicts #price #Quiet #Stocks

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valuentumbrian · 7 years ago

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Is Visa the Best Company Ever?

Visa’s business model is phenomenal and its competitive advantages among the best in the world. The company’s free cash flow generation is remarkable, and it alone covers its cash dividend payment by more than 5 times. There are few companies with higher levels of profitability than Visa's, and even fewer that also have as strong of growth potential. The company’s valuation is starting to get a little stretched, but it has the free-cash-flow generation to grow into it.

By Brian Nelson, CFA

Very few companies draw me to them like Visa (V). For starters, the company is one of the largest retail electronic payments networks based on payments volume, total volume and number of transactions. Though scale is appealing, the driver behind it is even more so. Visa benefits from one of the strongest competitive advantages out there, in my opinion – the network effect. For example, as more consumers use its credit/debit cards, more merchants accept them, thereby creating a virtuous cycle. This kind of cycle is incredibly difficult to break, and as society moves more toward cashless, Visa is right there to capture not only the incremental demand, but also market share. It is in a sweet spot.

Another characteristic of Visa that I like is that it is not a bank in the traditional sense and does not even issue credit cards, meaning the company doesn’t take on credit risk, unlike American Express (AXP) and Discover Financial (DFS), even as it remains an integral part of the global payments industry. Sales are primarily generated from payments volume on Visa-branded cards in toll-road fashion (every swipe of a Visa card generates revenue for the company). I learned a lot during the Financial Crisis about the hazards of credit risk and the havoc it can wreak on a company’s balance-sheet health, and ultimately, an entity’s equity price. Though there are numerous regulations that could stymie the pace of Visa’s rate of expansion and the company remains inextricably tied to the global financial system, I think it is somewhat shielded from the dynamics that shook the financial markets late last decade.

The company is not resting on its success either. In June 2016, Visa acquired Visa Europe in a deal valued north of 21 billion euros ($23+ billion). The deal has unified the brand globally after eight years as separate companies. The transaction includes a payment of 16.5 billion euros upfront and another of as much as 4.7 billion euros after the fourth anniversary of closing. Visa added $15+ billion debt to finance the deal, flipping its balance sheet to a net debt position. Though we weren’t exactly pleased that Visa’s balance sheet took a hit, bringing in-house valuable assets offers it considerably more flexibility to achieve global growth and a better claim on non-US cash-flow generation. As is often the case, the best assets to acquire are already in your backyard (“portfolio”), and the purchase of Visa Europe fit the mold in this case.

Europe isn’t the only place that Visa is looking to grow. Along with other US payment card companies, the company is reportedly preparing to request licenses to operating in China in the near future. Though it can take up to two years for the requests to clear scrutiny from Chinese regulators, what a tremendous opportunity it could bring. For starters, the ~$8 trillion yuan bank card network is currently dominated by state-backed China UnionPay, and even a fraction of the market would be a nice boost to incremental growth for Visa. Rivals in China are many, and we may have not seen the last of the new entrants to the payments processing market there, but Visa has a long track record and know-how, and we believe whether organically, if permitted, or via joint-venture or other means, Visa will find a way to tap into China’s rapid growth over the long haul.

Despite the good things I’ve said thus far, I’ve somehow managed to leave the elephant in the room out! Visa is arguably one of the most profitable companies on the planet when it comes to operating margins (and it translates to strong measures of return on invested capital, too). This is what really gets me excited about the company’s business model: annual operating margins in the high 60s. Not only is Visa expecting to grow annual net revenue in the high-single-digits on a nominal basis, as its financial outlook for fiscal 2018 revealed in its fiscal fourth-quarter press release, released October 25, the revenue growth is coming at a tremendously high level of profitability. Some companies don’t even have 60%+ gross margins, but Visa has 60%+ operating margins, levels of profitability that include overhead costs. Visa’s competitive advantages and high-margin revenue model are the “real deal,” and management is focused on doing what's right for shareholders.

Let’s talk about that for a bit. I spend a lot of time talking about balance-sheet health and free cash flow generation when it comes to a dividend, and our team came up with this very interesting metric called the Dividend Cushion ratio--it blends the two into a very nice coverage ratio that considers both the balance sheet and cash flow statements. I already mentioned that Visa has a manageable net debt position of ~$5-$7 billion (depending on whether you give it credit for restricted cash), but let’s quantify its free cash flow generation relative to its dividend payment. During 2017, Visa generated $9.2 billion in net cash flow from operations during 2017 and only spent ~$700 million in property, plant, and technology assets. Its free cash flow generation during 2017 was ~$8.5 billion, and it only paid out ~$1.6 billion in cash dividends for the year. This amounted to free cash flow coverage of the dividend of ~5.4 times. This speaks of tremendous dividend growth potential to enhance its modest annual dividend yield of ~0.7% at the time of this writing.

I like to look at valuation in the context of a discounted cash-flow framework, coupled with a fair value estimate range. I think this just makes sense. The value of a company is in part a function of what it has plus what it will generate in the future. Visa has a net debt position currently, but its future free cash flow generation potential continues to be phenomenal. We assume revenue will grow at a low-double-digit clip during the next five years (includes fiscal 2017) as operating margins average in the mid-to-high 60% range. This should drive a very nice ramp in earnings and enterprise free cash flow, in our view, as the magnitude of cash-flow-from-operations generation trumps any comparatively modest increases in necessary capital outlays. Though we estimate Visa’s shares are worth ~$90 today, meaning the market may be getting ahead of it a bit, strong free cash flow generation offers Visa the potential to grow into its current share price. The high end of our fair value estimate range is ~$109.

Let’s now talk about risks. The financial industry is highly-regulated, and any changes in the regulatory environment could be a positive or negative for Visa, especially as it relates to the fees it can charge. This is certainly a long-term risk, but the current Trump administration is considerably pro-business if the recent tax cuts are any indication, and we doubt that any measures implemented in coming years will do damage to Visa’s business model. There is the threat of other competitors such as PayPal (PYPL) and the rise of cryptocurrencies such as Bitcoin (XBT), but the cashless payment market is big enough for a large number of competitors, in our view. Some estimates reveal, for example, that as of 2015, approximately 85% of payments across the globe are still completed with cash or check, revealing a significant opportunity for a great number of companies within the financial tech industry, from Visa and Mastercard (MA) to PayPal and Square (SQ) to Bitcoin and beyond!

All things considered, here is what you need to know about Visa: It has strong competitive advantages, very high levels of profitability, tremendous free cash flow generation, solid growth prospects, and incredible dividend growth potential. No company is without risks to the long term, but Visa may have more things going for it than any other company. The one thing to be cautious about is Visa’s valuation, but the payments giant has the potential to grow into it, especially in a bull market that has overcome so much during the past 8 or so years. Society is going to continue to need new ways to pay for “things,” and Visa is at the heart of this long-term secular trend! Is it the best company ever? You be the judge.

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The High Yield Dividend Newsletter, Best Ideas Newsletter, Dividend Growth Newsletter, Nelson Exclusive publication, and any reports and content found on this website are for information purposes only and should not be considered a solicitation to buy or sell any security. Valuentum is not responsible for any errors or omissions or for results obtained from the use of its newsletters, reports, commentary, or publications and accepts no liability for how readers may choose to utilize the content. Valuentum is not a money manager, is not a registered investment advisor, and does not offer brokerage or investment banking services. The sources of the data used on this website and reports are believed by Valuentum to be reliable, but the data’s accuracy, completeness or interpretation cannot be guaranteed. Valuentum, its employees, independent contractors and affiliates may have long, short or derivative positions in the securities mentioned on this website. The High Yield Dividend Newsletter portfolio, Best Ideas Newsletter portfolio and Dividend Growth Newsletter portfolio are not real money portfolios. Performance, including that in the Nelson Exclusive publication, is hypothetical and does not represent actual trading. Actual results may differ from simulated information, results, or performance being presented. For more information about Valuentum and the products and services it offers, please contact us at

[email protected]

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jobsearchtips02 · 5 years ago

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What ‘going cashless’ means for the 14 million unbanked Americans

Even though there have been many advancements in financial technology over the past decade, many Americans still prefer to pay in cash.

In fact, cash was the most popular form of payment until 2019, when debit cards rose to the top of the ranks in the San Francisco Federal Reserve’s annual survey. Cash remains king, however, when it comes to payments under $10.

But the coronavirus pandemic has caused people to shift away from cash transactions for fear of coming in contact with coronavirus on the surface of dollar bills and coins they receive in change.

Out of an abundance of caution, some stores have stopped accepting cash and some have been asking customers to provide exact change, mainly because of the coin shortage in the U.S.

There is scant evidence that coronavirus is transmitted from dollar bills and coins. In general, the virus is believed to be transmitted mainly via person-to-person contact and not from touching surfaces.

If you have a debit or credit card, one of the downsides to shifting to cashless transactions is a lack of privacy. Whereas if you were to pay for something with cash, there is virtually no record of the transaction.

If you don’t have a debit or credit card, things get a bit more complicated and a lot more expensive.

That applies to roughly 14.1 million adults and 6.4 million children who were unbanked, meaning they do not have a bank account, as of 2017, the last time the Federal Deposit Insurance Corporation conducted a study on America’s unbanked.

While 3% of white households in the U.S were unbanked, some 17% of Black and 14% of Hispanic households were unbanked, the FDIC found.

“Alarm bells go off in my head because the impact of going cashless is highly unequal,” said Martin Chorzempa, a research fellow at the Peterson Institute for International Economics, a non-partisan think tank. “Eliminating the ability to use cash means you have to pay more fees to pay for reloadable cards, and low-income people already find it expensive to live as is.”

“I worry about this more than the risk of spreading coronavirus from cash,” Chorzempa told MarketWatch.

Some cities including New York, San Francisco , and Philadelphia have tried to ban cashless stores because they’re seen as discriminating against unbanked people.

Reloadable debit cards are one option for people who don’t have bank accounts, but some charge a fee to load money onto them. Many also have inactivity fees, meaning if you don’t use the card for a period of time, you will get charged. Some of these cards expire entirely.

“Many retailers have gone cashless for hygienic reasons, which can shut some consumers out,” said Sarah Rathner, a credit card expert at the personal-finance website NerdWallet. “A debit card linked to a checking account, or a prepaid debit card, is an alternative for anyone who can’t have, or doesn’t want, a credit card. Depending on the card you choose, you could also tap to pay, or even add your card to a digital wallet like Apple AAPL Pay.”

Another cashless option is to use a payment app such as Venmo, Zelle, Cash App (which is owned by Square SQ, +7.10% ) or Google GOOGL, +0.39% Pay.

Venmo, which is owned by PayPal PYPL, +2.82%, is known for its no-fee bill-splitting service. Prior to the pandemic, PayPal had also made its way into brick-and-mortar stores including Home Depot HD, -0.14%, JCPenny and Barnes and Noble.

Until recently, when PayPal announced that it had struck a deal with CVS CVS, -0.89% to implement no-fee QR code checkouts using Venmo at more than 8,000 stores by the end of the year, Venmo had not been an accepted form of payment at any national retailer.

Darrell Esch, general manager at PayPal, previously told MarketWatch that the company plans to roll out more QR Venmo and PayPal checkouts at more retailers this year.

Don’t miss: Here’s how PayPal hopes to turn Venmo into the next PayPal

While cash will still be accepted in CVS stores, for the time being, the announcement “reflects our continued focus on innovation and finding new ways to help maintain the safety of our customers and employees,” Jon Roberts, executive vice president and COO of CVS Health, said in a statement.

However, it is currently not possible to load physical cash into a Venmo account, Tom Hunter, a PayPal spokesman confirmed.

That’s an obstacle for lower-income people who often are paid in cash, said Aaron Klein, a fellow at the Brookings Institution, a left-leaning policy think tank, who served in the Treasury Department during the Obama administration.

It is however possible to load cash onto a PayPal account at Walmart WMT, -1.39% stores, as well as at select CVS, 7-Eleven 3382, +0.48% and Rite Aid RAD, +0.58% stores, Hunter said. PayPal account holders will be able to complete purchases at CVS by also scanning contactless QR codes.

Klein, unlike Chorzempa, is less worried about the shift to cashless transactions at brick and mortar stores though.

The increase in popularity of online-only shopping that requires digital payments is also a big factor, he said. “This will make life even more expensive to those who don’t have easy and cheap access to electronic payments.”

Before coronavirus, he said there was not much of a move to a cashless society. “Instead what you see are new forms of digital payments replacing older forms of non-cash payment.”

“A cashless future is more hype than reality,” Klein told MarketWatch, “and more a reality for the wealthy than the middle or working class.”

from Job Search Tips https://jobsearchtips.net/what-going-cashless-means-for-the-14-million-unbanked-americans/

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10-de-dezembro-blog1 · 6 years ago

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How Capital One Makes its Profits

This brings up a significant issue: how did Capital One Financial Corp. (COF), established in 1994, become rapidly enough to have its spot close by the set up titans of the business?

Offspring of the '90s

Not Just Plastic

Be that as it may, Plastic Nonetheless

The Bottom Line

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mccartneynathxzw83 · 7 years ago

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Facebook’s Blockchain Group Is on a Hiring Spree to Reinvent Money on Cheddar

By Alex Heath and Tanaya Macheel

Facebook’s small blockchain group has ambitious plans to potentially disrupt the entire payments industry, but the company is also running into recruiting challenges amid its many public scandals.

In recent months, the world’s largest social network has been quietly trying to recruit product managers, engineers, academics, and legal experts with experience in cryptocurrencies and payments, according to people familiar with the effort. Nearly 40 employees — including several former PayPal execs — work in Facebook’s ($FB) secretive blockchain group, and the company recently appointed a head of business development to oversee acquisitions and deals in the space.

Since officially forming its blockchain group just eight months ago, Facebook has sent staffers to crypto conferences around the world to recruit researchers, cryptographers, and top academics in the field. At a private dinner Facebook hosted during a recent crypto conference, one attendee told Cheddar that Facebook employees pitched the idea of creating a decentralized digital currency for the social network’s 2 billion users.

Facebook job listings state that its blockchain group’s “ultimate goal is to help billions of people with access to things they don’t have now,” which “could be things like equitable financial services, new ways to save, or new ways to share information.” Back in May, Cheddar first reported that Facebook was exploring the creation of its own cryptocurrency — a virtual token that would allow its billions of users around the world to make electronic payments without the need of a traditional bank.

To kick-start its plans, Facebook has shown interest in hiring teams behind nascent cryptocurrency and blockchain-related projects, according to people familiar with the matter. Some of the projects in which Facebook has shown interest are far from the production or deployment level — an indication that Facebook is keen to quickly scoop up talent in the industry.

But that hunt for talent hasn’t been easy.

Despite its interest in several crypto start-ups, Facebook has encountered problems with recruiting due to the negative perception of its brand and many public scandals, according to people who have had discussions with the blockchain group in recent months. Many in the crypto and blockchain industry see heavily centralized, data-hungry companies like Facebook as the very entities they are trying to disrupt.

When asked for comment, a Facebook spokesperson told Cheddar that the company’s efforts in blockchain were still early and referred to a previous statement:

“Like many other companies Facebook is exploring ways to leverage the power of blockchain technology. This new small team is exploring many different applications. We don’t have anything further to share.”

A team of ex-PayPal execs

While Facebook’s efforts in blockchain and cryptocurrency are less than a year old, the group has already assembled an all-star roster of executives led by David Marcus, the former president of PayPal ($PYPL) and vice president of Messenger at Facebook.

Leaders from other divisions of Facebook, like former Instagram product chief Kevin Weil and head of engineering James Everingham, have joined the blockchain fold in similar roles. Geoff Teehan, a longtime Facebook employee who was previously the director of product design for the News Feed, recently changed his LinkedIn profile to read, “Head of Product Design, Blockchain.”

A further indication that the group is focused on disrupting the financial industry, roughly a half dozen of the executives Marcus has hired for his blockchain group share his connection to PayPal.

Tomer Barel, Facebook’s vice president of risk and operations for blockchain, previously ran all fraud and risk management as PayPal’s executive vice president. Facebook’s director of product for blockchain, Meron Colbeci, led product management for PayPal’s person-to-person payments. And the group’s head of brand and marketing, Christina Smedley, ran global communications and brand marketing at PayPal.

In addition to the payments talent that moved from PayPal to Facebook this year, the cofounder of BitGo, Ben Davenport, is advising Facebook’s blockchain team, according to a person familiar with the matter. BitGo is a crypto asset wallet and blockchain security company that Davenport left earlier this year.

Other employees in Facebook’s blockchain group have past experience working on payments products at other big tech companies, like Google Pay and Samsung Pay. And Facebook has found a public policy liaison for Washington, D.C. in Lee Brenner, who was previously an executive for a trade association called the Global Blockchain Business Council.

According to LinkedIn, Facebook has six recruiters working to expand the group with more engineers, product leaders, and PhDs.

Secrecy ruffling feathers

The more than a dozen people Cheddar spoke to for this story all said that Facebook has remained tight-lipped about the full scope and timeline of its blockchain plans.

Non-employees are asked to sign nondisclosure agreements before they can learn about the details of the project, and even those who have been actively recruited by Facebook haven’t been fully informed on details of the group’s strategy.

The stealthy approach Facebook has adopted for exploring blockchain — an industry that’s predicated on the concepts of decentralization and transparency of information — has already caused irritation.

At a recent academic conference called Scaling Bitcoin in Tokyo, Facebook hosted a private, invite-only dinner to recruit attendees on the same night as a official event organized by the conference.

The conference’s organizer, Anton Yemelyanov, told Cheddar by email that Facebook wasn’t an official sponsor of the event and was thereby barred from any “commercial activities such as marketing and recruitment.”

“We will be issuing a strict warning to any Facebook employees attending the next event,” he said.

A digital economy for 2 billion people

With more than 2 billion users, experts say it’s not surprising that Facebook would attempt some kind of native payments solution — especially in developing markets with less advanced banking and payments systems.

“They have a massive installed user base,” said Drew Hinkes, an adjunct professor at the New York University School of Law who specializes in blockchain and cryptocurrency. “They probably are looking at China and seeing how popular mobile commerce has been there and wondering why we can’t do that.”

And much like WeChat, the do-everything messaging app at the cornerstone of Chinese digital life, Facebook has an opportunity to offer financial services beyond payments, namely loans and bank accounts, from which it could eventually profit.

The fact that Facebook is actively recruiting academics and looking at early-stage crypto projects suggests “they want to develop their own new network as opposed to leveraging someone else’s” according to Hinke.

In a post at the beginning of 2018 announcing his plans to fix Facebook’s problems around misinformation, CEO Mark Zuckerberg hinted that the concept of decentralization could counteract the ill-will that big tech companies are facing.

“With the rise of a small number of big tech companies — and governments using technology to watch their citizens — many people now believe technology only centralizes power rather than decentralizes it,” Zuckerberg wrote. “There are important counter-trends to this — like encryption and cryptocurrency — that take power from centralized systems and put it back into people’s hands.”

To build its own decentralized payments network, experts say that Facebook would need a robust identity management system and a significant number of users, which it has.

But blockchain technology has historically suffered from a scalability problem. While the original vision of Bitcoin was a peer-to-peer system for electronic cash, it has failed to scale to the level of Visa or Mastercard, and now the race is on to build a viable blockchain network for cross-border payments.

Facebook tried to have its own virtual currency years ago. In 2009, the company released Facebook Credits, which could be used to purchase virtual goods in popular games like “Farmville.” But the feature never gained enough traction, and Facebook shut it down two years later. Since then, Facebook has integrated PayPal into the Messenger app and started supporting payments through local banks on WhatsApp in India.

For a company like Facebook, blockchain technology could also have other applications outside of cryptocurrency. And the company’s blockchain group will likely explore other applications outside of payments.

Facebook tried to buy the digital identity startup Distributed Systems, according to two people familiar with the matter, before Coinbase bought it earlier this year. The move suggests that Facebook could want to decentralize and essentially give back the data it collects from users. Currently, Facebook collects data based on user activity and charges advertisers to be able to target users based on that data.

“I think Facebook is concerned their business model can be upended by decentralized technology platforms in the future,” said Ari Lewis of Grasshopper Capital, a firm that invests in blockchain-based digital assets.

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courtneyvbrooks87 · 7 years ago

Text

Facebook’s Blockchain Group Is on a Hiring Spree to Reinvent Money on Cheddar

By Alex Heath and Tanaya Macheel

Facebook’s small blockchain group has ambitious plans to potentially disrupt the entire payments industry, but the company is also running into recruiting challenges amid its many public scandals.

But that hunt for talent hasn’t been easy.

When asked for comment, a Facebook spokesperson told Cheddar that the company’s efforts in blockchain were still early and referred to a previous statement:

A team of ex-PayPal execs

A further indication that the group is focused on disrupting the financial industry, roughly a half dozen of the executives Marcus has hired for his blockchain group share his connection to PayPal.

According to LinkedIn, Facebook has six recruiters working to expand the group with more engineers, product leaders, and PhDs.

Secrecy ruffling feathers

The more than a dozen people Cheddar spoke to for this story all said that Facebook has remained tight-lipped about the full scope and timeline of its blockchain plans.

At a recent academic conference called Scaling Bitcoin in Tokyo, Facebook hosted a private, invite-only dinner to recruit attendees on the same night as a official event organized by the conference.

“We will be issuing a strict warning to any Facebook employees attending the next event,” he said.

A digital economy for 2 billion people

To build its own decentralized payments network, experts say that Facebook would need a robust identity management system and a significant number of users, which it has.

Source link https://ift.tt/2SNVbth

#IFTTT #Cryptocurrency and Bitcoin

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empresa-journal · 3 years ago

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Is PayPal (PYPL) in Decline?

Mr. Market thinks PayPal (PYPL) is in decline. For instance, PayPal’s share price fell from $204.64 on 10 November 2021 to $91.03 on 11 November 2022. Thus, smart value investors will ask if PayPal Holdings Inc. (NASDAQ: PYPL) is now a bargain stock. I think the answer is yes because PayPal is growing. For example, PayPal’s quarterly revenues grew from $6.226 billion on 30 September 2021 to…

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#How Much Money is PayPal Making?#Is PayPal (PYPL) in Decline?#PayPal (PYPL)#PayPal Holdings Inc. (NASDAQ: PYPL)#PayPal is a Growing Company #PayPal is a Widow’s and Orphan’s Stock

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vanessawestwcrtr5 · 7 years ago

Text

Facebook’s Blockchain Group Is on a Hiring Spree to Reinvent Money on Cheddar

By Alex Heath and Tanaya Macheel

Facebook’s small blockchain group has ambitious plans to potentially disrupt the entire payments industry, but the company is also running into recruiting challenges amid its many public scandals.

But that hunt for talent hasn’t been easy.

When asked for comment, a Facebook spokesperson told Cheddar that the company’s efforts in blockchain were still early and referred to a previous statement:

A team of ex-PayPal execs

A further indication that the group is focused on disrupting the financial industry, roughly a half dozen of the executives Marcus has hired for his blockchain group share his connection to PayPal.

According to LinkedIn, Facebook has six recruiters working to expand the group with more engineers, product leaders, and PhDs.

Secrecy ruffling feathers

The more than a dozen people Cheddar spoke to for this story all said that Facebook has remained tight-lipped about the full scope and timeline of its blockchain plans.

At a recent academic conference called Scaling Bitcoin in Tokyo, Facebook hosted a private, invite-only dinner to recruit attendees on the same night as a official event organized by the conference.

“We will be issuing a strict warning to any Facebook employees attending the next event,” he said.

A digital economy for 2 billion people

To build its own decentralized payments network, experts say that Facebook would need a robust identity management system and a significant number of users, which it has.

Source link https://ift.tt/2SNVbth

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adrianjenkins952wblr · 7 years ago

Text

Facebook’s Blockchain Group Is on a Hiring Spree to Reinvent Money on Cheddar

By Alex Heath and Tanaya Macheel

Facebook’s small blockchain group has ambitious plans to potentially disrupt the entire payments industry, but the company is also running into recruiting challenges amid its many public scandals.

But that hunt for talent hasn’t been easy.

When asked for comment, a Facebook spokesperson told Cheddar that the company’s efforts in blockchain were still early and referred to a previous statement:

A team of ex-PayPal execs

A further indication that the group is focused on disrupting the financial industry, roughly a half dozen of the executives Marcus has hired for his blockchain group share his connection to PayPal.

According to LinkedIn, Facebook has six recruiters working to expand the group with more engineers, product leaders, and PhDs.

Secrecy ruffling feathers

The more than a dozen people Cheddar spoke to for this story all said that Facebook has remained tight-lipped about the full scope and timeline of its blockchain plans.

At a recent academic conference called Scaling Bitcoin in Tokyo, Facebook hosted a private, invite-only dinner to recruit attendees on the same night as a official event organized by the conference.

“We will be issuing a strict warning to any Facebook employees attending the next event,” he said.

A digital economy for 2 billion people

To build its own decentralized payments network, experts say that Facebook would need a robust identity management system and a significant number of users, which it has.

Source link https://ift.tt/2SNVbth

#IFTTT #Cryptocurrency and Bitcoin

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adamfbp9659820-blog · 7 years ago

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How May The Blockchain Disrupt The Telecommunications Industry?

However, as extra businesses start to accept Bitcoins as payment, it is anticipated that the price will stabilize. As well as, a Business Networking Lounge will probably be supplied, which is a novel networking zone with cell application scheduling. Similarly, the wallet utility is the most common GUI for the Blockchain technology. Blockchain technology lastly permits cooperation between members who don't belief each other. Is the know-how that helpful in creating effectivity up thus far? Using a proof of labor, blockchain technology permits the speedy, cheap transfer of assets and monetary products between individuals who neither know nor trust each other, and not using a compelling need for an middleman to cut back present information asymmetries. PayPal (PYPL) can also be a well known standout in the FINTECH trade and is targeted on democratizing monetary companies and enabling individuals and businesses to participate in—and thrive in—the world economic system. But recasting the present low engagement environment with an IoT lens, insurers may be able to develop value-added providers that give clients a reason to interact extra ceaselessly.

Similarly, the most important ISPs within the US, equivalent to Comcast, CenturyLink, Cox, Time Warner Cable and AT&T, all have particular phrases of services and end-user licensing agreements. In different words, it is time for much less trust and more self-protection. In this manner, belongings can all the time be verified. Vitalik Buterin, superstar programmer thought up Ethereum, which can do every little thing Bitcoin is ready to do. In April the Bitcoin situation started to calm down. Is Bitcoin any type of "Commodity"? The cryptocurrency additionally offers some additional options on Top Blockchain Companies Nyc of the Bitcoin characteristic set including Instantsend, Privatesend. Scalability is one among the highest priorities when dealing with blockchain solutions, and IBM’s offerings can scale to thousands of customers in a matter of mere minutes. For instance ATMs are great for privacy, however they will cost you up to 20% on high of the present price, which is ridiculous. Even when utilizing traditional solutions would've been higher, they would be paid to ship the solution in its current form.

The core thought of the project is to develop a world telecommunication platform the place users shall be able to purchase service packages utilizing their current SIM card, wherever they're on the planet. Moreover, the Lisk workforce says it can announce plans to create a blockchain "academy" in the present day, with an eye toward using it as an education hub for the tech. I believe, banks will choose smaller metropolitan areas with entry to large faculties for cheap but educated labor; maybe that's the reason North Carolina is a mini banking hub already. In just two weeks it has taken the quantity three spot in market capitalisation and will soon substitute Ethereum at number two. Many interesting makes use of of the blockchain and it's technlogies are being rolled out and will hit the market quickly. Data held on a blockchain exists as a shared — and frequently reconciled — database. Such occasions also give a platform for cryptocurrency and blockchain business leaders to meet up and trade concepts.

The one non-US entity on the checklist, China's IDG Capital has emerged as an early, yet conservative investor with a stronger emphasis on applications of the blockchain as a distributed ledger. The digital currency business is in its early infancy, and lots of the world’s smartest and most resourceful scientists, entrepreneurs and financiers are laser-centered on creating superior applied sciences to handle bitcoin’s perceived shortcomings. And they are chargeable for financing nation states and the wars they battle in opposition to one another. In the upcoming months, some of the largest technologies multinationals in Japan are expected to enter the bitcoin mining sector, allocating billions of dollars in producing ASIC miners and establishing giant-scale mining centers. You can view the original code for bitcoin on Github. With exchanges, consumers can purchase or promote Bitcoins with wired transfers, money or credit score/debit card payment. Fourth, because of its cash-like properties, bitcoin can also help facilitate illicit commerce. Underlying these differing views is important confusion about what Bitcoin is and the way it works.

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tortuga-aak · 8 years ago

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Here's why the PayPal-Facebook deal makes so much sense (FB, PYPL)

BI Intelligence

This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here.

PayPal is forging a deeper partnership with Facebook, according to an announcement from the firms Fridaycovered by TechCrunch.

As a result of the partnership, PayPal will be integrated into Messenger as a funding option so that users can send and receive money on the platform.

PayPal is also launching a customer service chatbot on the platform. The move expands on an existing partnership that enables consumers to use PayPal to shop merchants' sites using chatbots.

The move comes in the wake of a strong quarter for PayPal. Last Thursday, the firm announced a strong Q3 2017, in which it posted 218 million new customers that spent $114 billion in total payment volume (TPV). Importantly, the firm’s 29% TPV growth is outpacing its 14% annual customer growth, which means that the firm's growing not just by scale, but also by engagement, as evidenced by an uptick in the transactions per active account in the quarter. None of these accomplishments are surprising — they build on a series of solid quarters for the firm — but they’re indicative that PayPal's strategy is working.

The Facebook partnership could help PayPal double down that effective strategy by pursuing high-growth areas. In the past two years, PayPal has signed over 18 partnerships with firms across the spectrum, indicating a push to work with its peers, rather than against them, as it tries to become omnipresent in consumers’ financial lives. That’s led to substantial gains, and the Facebook offering could be no exception. Here’s why:

PayPal is smart to double down on mobile. Mobile payments, which hit $40 billion in TPV in Q3, grew roughly 54% year-over-year (YoY), according to the firm’s earnings call, and was one of the drivers of the firm’s overall growth in the quarter. That makes sense, in light of the gains its app has seen since it revamped in early 2016. Delving deeper into Messenger, which is most popular on mobile devices, could help further prop up its mobile volume, ultimately accelerating gains overall.

And it’s breaking into messaging at an opportune time. Peer-to-peer (P2P) payments have been another source of growth for PayPal, which makes sense because they’re poised to rise to $336 billion by 2021. These payments thrive on network effect, which is when users send their friends money, effectively onboarding them onto the app and creating a wider user base. And messaging apps amplify that effect, since they’re places where communication naturally occurs and where sending money can be convenient. Doubling down on Facebook — as PayPal has with integrations into iMessage, for example — could further grow that volume source, in turn propelling growth and recruiting new users from Messenger’s wide user base and their networks.

Dan Van Dyke, senior research analyst for BI Intelligence, Business Insider's premium research service has written a detailed report that explores the digital payments ecosystem today, its growth drivers, and where the industry is headed. The report also:

Traces the path of an in-store card payment from processing to settlement across the key stakeholders.

Forecasts growth and defines drivers for key digital payment types through 2021.

Highlights five trends that are changing payments, looking at how disparate factors, such as surprise elections and fraud surges, are sparking change across the ecosystem.

To get the full report, subscribe to an ALL-ACCESS Membership with BI Intelligence and gain immediate access to this report AND more than 250 other expertly researched deep-dive reports, subscriptions to all of our daily newsletters, and much more. >> Learn More Now

You can also purchase and download the report from our research store.

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