|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.0050 - 0.0050|
|52 Week Range||0.0001 - 0.1175|
|Beta (5Y Monthly)||40.98|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
PayPal stock will garner $123 million in revenue and 3 cent profit in 2021 from Bitcoin and cryptocurrency trading, estimates Bank of America. PayPal agreed to buy crypto security firm Curv.
PayPal Holdings Inc. announced Monday morning that it plans to acquire Curv, an Israel-based maker of cloud infrastructure for digital-asset security. Terms of the deal weren't disclosed. PayPal expects that the Curv deal will enable it "to accelerate and expand its initiatives to support cryptocurrencies and digital assets," the company said in a release. PayPal has become more involved in the world of cryptocurrencies, after announcing in October that it would begin letting users buy cryptocurrencies through its platform and eventually let customers make online purchases with those crypto holdings at merchants who accept PayPal. The company expects the Curv acquisition to close in the first half of 2021. PayPal shares are up 115% over the past 12 months as the S&P 500 has risen 29%.
PayPal Holdings, Inc. (NASDAQ: PYPL) today announced that it has agreed to acquire Curv to accelerate and expand its initiatives to support cryptocurrencies and digital assets. Curv is a leading provider of cloud-based infrastructure for digital asset security based in Tel Aviv, Israel.