Approximately 350 million people “banked” PayPal last month. That’s more than any American financial institution. In fact, PayPal is now more valuable than any bank other than JPMorgan.
PayPal has left the most powerful American banks in the dust.
It is still growing fast, although it is very large
Consider investing in a booming stockbrokers. High fees have deterred many potential investors. How many people do you think missed the bull market in the 80s and 90s because buying stocks was expensive and difficult? Probably millions.
Disruptors reinvented trading and investing. You can now manage your portfolio through the smartphone app. The same goes for sending money, getting a loan and a dozen other companies that banks once dominated.
Customers can now buy, hold and sell cryptocurrencies like Bitcoin from their PayPal accounts.
Don't you have to open a dedicated crypto account? Which website should I invest through? Do I need $ 19,000 to buy one bitcoin?
PayPal broke down all these obstacles in one go. Its users can now buy and sell bitcoin and Ethereum, another cryptocurrency, from their PayPal accounts. Remember, these distractions have succeeded in making financing simple and accessible to the little man. This is what PayPal is achieving here once again.
There aren’t a lot of people who have about $ 19,000 to buy whole bitcoin. With PayPal you can now open the app, click the crypto card and buy a bit of bitcoin for just $ 1! In fact, over dinner the other night, my wife told me she bought $ 100 bitcoin on her phone.