Paypal's Stock Soars to All Time High as Demand for BTC increases
Jazia den Bairs
Business
3 years ago
1 QCP
E-commerce giant Paypal’s stock price surged to a new all-time high of $223.16 on Monday, December 14. Since November 12, when the payments giant opened the way for its US customers to start trading cryptocurrency, the stock has soared 17%.
The stock’s record-breaking performance comes after Paypal recently reported a drop in its third-quarter earnings in October. While that performance subsequently forced Paypal not to provide preliminary guidance for 2021, there is, however, a belief that the cryptocurrency trade service will result in a turnaround of the company’s fortunes.
https://news.bitcoin.com/paypals-stock-soars-to-all-time-high-as-demand-for-btc-on-the-platform-now-more-than-supply-of-new-coins/
The stock’s record-breaking performance comes after Paypal recently reported a drop in its third-quarter earnings in October. While that performance subsequently forced Paypal not to provide preliminary guidance for 2021, there is, however, a belief that the cryptocurrency trade service will result in a turnaround of the company’s fortunes.
https://news.bitcoin.com/paypals-stock-soars-to-all-time-high-as-demand-for-btc-on-the-platform-now-more-than-supply-of-new-coins/
- PayPal
- Bitcoin
- Cryptocurrency
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