PayPal Holdings, Inc. is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders. The company operates as a payment processor for online vendors, auction sites, and many other commercial users, for which it charges a fee in exchange for benefits such as one-click transactions and password memory. PayPal’s payment system, also called PayPal, is considered a type of payment rail.

Established in 1998 as Confinity, PayPal had its initial public offering in 2002, and became a wholly owned subsidiary of eBay later that year.

In 2014, eBay announced plans to spin off PayPal into an independent company by mid-2015 and this was completed on July 18, 2015.

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Rumors of PayPal Entering Crypto Highlights the Value of Instant Payments
By June 30th, 2020
Business News, Cryptocurrency news, News, Personal Finance Rumors of PayPal Entering Crypto Highlights the Value of Instant Payments
By June 30th, 2020

PayPal may just be entering the cryptocurrency arena. This is based on recent speculation following a Coindesk report, which concerned information shared by three anonymous insiders from the global digital payments giant. Meanwhile, others have pointed out that ongoing recruitment by the company further supports these rumors.