Business
CEO’s of PayPal, Logiq, Peak Fintech, and Square Discuss Bitcoin, Fintech and New Growth Opportunities in Digital Wallets
CEO’s of PayPal, Logiq, Peak Fintech, and Square Discuss Bitcoin, Fintech and New Growth Opportunities in Digital Wallets.
About this update from Logiq Inc.
[{"type":"text","content":"\n NEW YORK, Nov. 23, 2020 (GLOBE NEWSWIRE) -- Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: PayPal Holdings (NASDAQ: PYPL) Peak Fintech Group (OTC:PKKFF) (CSE: PKK) Logiq, Inc. (OTC: LGIQ), and Square (NYSE:SQ). The convergence of AI, Big Data, Smart Phones, and financial innovation is driving massive new growth opportunities in all aspects of financial services.Wall Street Reporter highlights the latest comments from industry thought leaders: PayPal Holdings (NASDAQ: PYPL) CEO Dan Schulman: “Rise of Digital Wallets Will Drive PayPal’s Growth” “...The digitization of the global economy combined with the rise of digital wallets will drive our growth over the next decade. Our scale, two-sided network, trusted brand, our strong relationships with the regulators around the world, and our AI and data modeling capabilities can all be leveraged to ensure our PayPal and Venmo apps are essential parts of our customers’ daily lives...This is beginning to play out in our strong Q3 results. In Q3, our total payment volume grew by a record 36% on an FX neutral basis to $247 billion in annual run rate, just shy of $1 trillion.” “Over the next year, both the Venmo and PayPal apps will undergo a fundamental transformation intended to dramatically increase their functionality and drive engagement...This expanded suite of services will include enhanced direct deposit and check cashing, budget and savings tools, bill pay, investment alternatives, including crypto, subscription management, buy now, pay later optionality and all of Honey’s shopping tools from wish list, price monitoring, deals, coupons, and rewards…We recently announced that PayPal will allow account holders to buy, sell and hold cryptocurrencies first, in the U.S. and then expanding to international markets in the Venmo platform in the first half of next year…We will rapidly move at the beginning of next year and allow consumers to use cryptocurrencies as a funding instrument to shop across all 28 million of our merchants. This solution will not involve any additional integrations, volatility risk or incremental transaction fees for either consumers or merchants and will fundamentally bolster the utility of cryptocurrencies&#...