paypal

PayPal announced the appointment of Enrique Lores as President and CEO, effective March 1, 2026, succeeding Alex Chriss. PayPal's Chief Financial and Operating Officer Jamie Miller will serve as interim CEO until Lores takes office, and David Dorman will immediately assume the role of independent board chair.The PayPal board stated that the pace of transformation and execution at the company over the past two years has not met the board's expectations. Lores served as President and CEO of HP for over six years, leading the company from a focus on PCs and printing to services, subscriptions, and artificial intelligence products. Meanwhile, PayPal reported adjusted earnings per share of $1.23 and revenue of $8.68 billion, both of which missed analysts' expectations, causing the stock to drop 16% in pre-market trading.

According to Gate market data, U.S. stocks closed on Tuesday with the Dow initially down 0.3%, the S&P 500 index down 0.8%, and the Nasdaq down 1.4%. Nvidia fell 2.8%, PayPal dropped 20.3%, Oracle fell over 3%, and Microsoft was down nearly 3%. The Nasdaq Golden Dragon China Index decreased by 0.9%, with Alibaba down 2.8%.

According to Gate market data, at the opening of the US stock market, the Dow Jones Industrial Average fell by 0.1%, the S&P 500 index rose by 0.13%, and the Nasdaq Composite Index rose by 0.32%. Mining stocks performed strongly, with Coeur Mining (CDE.N) up 8.2% and Pan American Silver (PAAS.O) up 6.2%. However, Paypal (PYPL.O) plummeted by 18%, as the company warned that profits may decline this year and is changing its CEO.

According to Jinshi News, Paypal's stock fell 16% in pre-market trading after the company's fourth-quarter profits fell short of expectations and it appointed a new CEO.

According to Bitcoin Magazine, former PayPal president David Marcus stated, "The price of Bitcoin should reach $1.5 million. This will definitely happen."

PayPal and the National Cryptocurrency Association (NCA) survey shows that 39% of U.S. merchants have accepted cryptocurrency payments, and 84% expect it to become the norm within five years.Strong consumer demand: 88% of merchants have received inquiries from customers about cryptocurrency payments, with the highest demand from millennials (77%) and Generation Z (73%); the hospitality industry (81%) and digital goods and luxury retail (76%) lead the way. 90% of merchants stated they would accept cryptocurrency payments if the process were as simple as credit cards.Additionally, among the top 25 U.S. banks by assets, 15 have launched or announced Bitcoin custody trading services, including JPMorgan, Goldman Sachs, and Morgan Stanley. Analysts believe that 2026 could be a turning point for cryptocurrency payments.

A recent survey released by PayPal shows that nearly 85% of surveyed merchants expect cryptocurrency payments to become the norm within the next five years. The survey was conducted in late October 2025, covering approximately 620 "payment strategy decision-makers."The survey data indicates that nearly 90% of merchants reported receiving inquiries from consumers about using cryptocurrency for payments, with about 40% of merchants already supporting crypto payments at checkout. Among those who have accepted cryptocurrency payments, a significant portion stated that crypto payments account for more than a quarter of their total sales, and about three-quarters of merchants reported an increase in related sales over the past year.May Zabaneh, Vice President and General Manager of PayPal's crypto business, stated that cryptocurrency payments are moving from the experimental phase to everyday commercial applications, driven primarily by consumer demand for faster and more flexible payment methods. Once merchants start to adopt it, they can see the actual value.In terms of scale, the adoption of cryptocurrency payments is mainly driven by large enterprises. Among companies with annual revenues exceeding $500 million, about 50% have accepted cryptocurrency payments, while the proportions for small and medium-sized enterprises are 34% and 32%, respectively. Additionally, about 90% of merchants indicated that they would be willing to try cryptocurrency payments if the experience and onboarding process could match that of traditional card payments.The background of this survey is closely related to the progress of stablecoin regulation. Following the implementation of the GENIUS Act, clear guidelines for the issuance and trading of stablecoins have emerged. PayPal, as one of the earliest mainstream payment institutions to engage with stablecoins, is seeing its related practices followed by more banks and fintech companies.

The former president of PayPal stated that Bitcoin will become the native currency for AI agents and pointed out that it will run on BTC in the future.

PayPal announced a partnership with the embedded tax technology platform april, allowing U.S. PayPal debit Mastercard users to use april's self-service tax filing for free to file their federal and state taxes for the year 2025.According to information from PayPal's official website, users need to report taxes on their cryptocurrency on the platform. Starting from the 2025 tax year, the Internal Revenue Service requires U.S. digital asset brokers like PayPal to report gains from digital asset disposals on Form 1099-DA. If users have disposed of their PayPal wallet by selling or exchanging cryptocurrency during the applicable tax year, PayPal will send users the IRS tax Form 1099-DA by February 15.

According to official news, PayPal has officially announced support for Google's Universal Commerce Protocol (UCP) and will soon become a payment option in the new checkout feature supported by UCP within Google. This collaboration aims to enable merchants to offer their products and support purchases in Google's AI mode and the Gemini app.It is worth noting that PayPal announced an upgrade to its P2P payment experience last September, which will integrate cryptocurrency into its new P2P payment process within the app and launch a personalized link transfer service.

According to Cryptopolitan, payment giant PayPal has announced that its stablecoin PYUSD will collaborate with the Web3 protocol USD.AI to provide funding support for artificial intelligence (AI) companies. USD.AI will utilize PYUSD to offer credit and financing services related to GPUs and data centers for AI companies.The two parties intend to combine commonly used payment frameworks with programmable settlements to facilitate long-term credit, leasing, and upcoming agent-driven transactions. The two companies have also committed to offering a 4.5% interest rate on deposits totaling up to $1 billion as part of a customer incentive program to attract more clients. This incentive program will launch in early January and last for one year.

According to the official announcement from Stable, the USD stablecoin PYUSD issued by PayPal is now officially live on the Stable mainnet.

Delphi Digital released the 2026 Annual Outlook Report for the infrastructure sector, which points out that stablecoins have become the most important infrastructure focus in the crypto space. This year, the total supply of stablecoins grew by 33%, surpassing $304 billion; the adjusted monthly transaction volume has now exceeded that of Visa and PayPal; and the amount of U.S. Treasury bonds held by stablecoins has reached $133 billion, making them the 19th largest holder of U.S. Treasuries.The report notes that ironically, crypto companies are now competing around traditional payment channels. While stablecoin recharge cards circulating through the Visa network are an important step, they have not yet created a new paradigm. If solutions that allow for self-control over daily spending and storage cannot be provided, many competitors will ultimately be eliminated. Traditional giants have already noticed this trend. After acquiring Bridge, Stripe integrated the USD stablecoin USDB; PayPal launched PYUSD; and Klarna has just announced the launch of KlarnaUSD. As fintech companies rush to issue stablecoins, the market battle has already begun. The true winners will be those who can fundamentally innovate the underlying payment infrastructure, rather than just optimizing the interface on top of it.

According to CoinDesk, payment giant PayPal announced on Monday that it has applied for an industrial bank license in Utah, planning to establish a lending division called PayPal Bank. The bank will provide commercial loan solutions for small businesses and offer interest-bearing savings account services for other customers. PayPal has also applied for deposit insurance with the Federal Deposit Insurance Corporation.As the operator of the PYUSD stablecoin, PayPal has recently been actively expanding its cryptocurrency business, launching features for cryptocurrency transfers between wallets and a "pay with cryptocurrency" merchant service.

According to Fortune, YouTube has launched a new feature for creators in the U.S. to receive stablecoin payments via PayPal. May Zabaneh, head of cryptocurrency at PayPal, confirmed that creators can now choose to receive platform revenue shares in the form of PayPal stablecoin PYUSD, a feature currently available only to U.S. users.YouTube has previously been a client of PayPal's payment services, using it to provide payments for gig workers and contractors for large enterprises. At the beginning of the third quarter this year, PayPal added the option to receive payments in PYUSD for its payees, after which YouTube decided to offer this option to creators.Zabaneh stated, "The advantage we built is that YouTube does not need to directly engage with cryptocurrency; we help eliminate that complexity." This move reflects the growing interest of large tech companies in stablecoins.

The asset tokenization company Securitize announced the hiring of former PayPal digital asset legal head Jerome Roche as General Counsel to prepare the company for its listing on Nasdaq through a SPAC under Cantor Fitzgerald.The merger is expected to give Securitize a valuation of $1.25 billion and trade under the ticker SECZ. Securitize plans to tokenize its own equity and is the issuer of BlackRock's on-chain treasury fund BUIDL. Roche stated that his professional focus is at the "intersection of regulatory compliance and technological innovation."

According to DL News, the circulation of PayPal's stablecoin PYUSD has surged by 224% since September, surpassing $3.8 billion, making it the sixth largest stablecoin.The DeFi protocol Ethena has become the largest holder of PYUSD, holding $1.2 billion through the custodian Copper. PayPal is providing incentives on the decentralized exchange Curve Finance by partnering with liquidity management company Sentora, and subsidizing user yields for DeFi protocols.The Solana lending protocol Kamino currently offers nearly 6% annualized yield for lending PYUSD, partially subsidized by PayPal. Over the past three months, the scale of PYUSD on Solana has increased from $250 million to over $1 billion.U.S. Treasury Secretary Scott Bessen expects the stablecoin market to reach $3 trillion by 2030.