What Does Bitcoin Mean for PayPal Stock?

What Does Bitcoin Mean for PayPal Stock?
·4 min read

It's estimated that up to 200 million consumers worldwide have transacted with Bitcoin (CRYPTO: BTC) in some way. As Bitcoin and other digital coins become more popular alternatives to holding cash, it's imperative for PayPal Holdings (NASDAQ: PYPL) to offer its more than 400 million active customers a means for transacting with Bitcoin, especially if it wants to keep up with the competition. Through the first half of 2021, Square's (NYSE: SQ) Cash App was downloaded at almost twice the rate of PayPal's Venmo.

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