As bad as things have been for Paypal this year - there is always good news that makes me hold on the the stock.
In some countries, users can already buy bitcoin with the Paypal app and use it to pay on the payment platform. At the World Economic Forum in Davos, Vice President Richard Nash has now announced that Paypal intends to further expand its involvement in the crypto sector. Specifically, he talked about various other digital currencies as well as so-called central bank coins (CBDCs). It has also been known for some time that the online payment service is considering developing its own stablecoin. This does not yet make Paypal a pure crypto player, but it does open up additional growth opportunities.
Although according to the Fear & Greed Index (Crypto) we are in what is currently often called a "crypto winter", such news is always positive for the crypto landscape in general. More exchanges and stakeholders = more acceptance and adaptation = further integration into the overall economy.
𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: I own $PYPL (PayPal Holdings) stock. This is not investment advice.