PayPal Holdings, Inc. - PYPL STOCK NEWS

PayPal Holdings (NASDAQ: PYPL) has published its 2020 Global Impact Report, showcasing advancements in environmental, social, and governance (ESG) initiatives amid the COVID-19 pandemic. The report highlights PayPal's commitment to an inclusive economy, including over $2 billion in loans for small businesses and a $535 million investment to combat racial economic inequality. Additionally, the company aims for net zero emissions by 2040 and achieved 98% renewable energy usage in data centers. The report emphasizes collaboration across sectors to boost innovation and impact.

Venmo has launched a new feature allowing its 70 million users to buy, hold, and sell cryptocurrency directly in the app. Starting April 20, 2021, it offers an intuitive way for users to engage with cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. The feature aims to simplify the crypto journey, aided by in-app guides and trend analysis. Users can start their crypto investment with just $1. This development supports PayPal's commitment to digital currency education and accessibility, leveraging its conditional Bitlicense from NYDFS.

On April 12, 2021, PayPal (PYPL), Uber (UBER), and Walgreens (WBA) launched the Vaccine Access Fund, aimed at helping underserved communities access COVID-19 vaccinations. The coalition is contributing $11 million to cover free rides to vaccination sites. Customers can also donate directly through the Uber app. The initiative addresses transportation barriers, especially in communities hit hardest by the pandemic. Funds will be managed by the Local Initiatives Support Corporation (LISC) to enhance health equity.

PayPal Holdings (NASDAQ: PYPL) has signed a multi-year sponsorship agreement with the San Jose Earthquakes, granting naming rights to their stadium, now named PayPal Park. This 10-year partnership aims to enhance live event experiences and support the local community and small businesses. PayPal Park will implement digital payment technologies, including touch-free transactions, aiming to improve fan experience. The collaboration will spotlight local businesses and offer community engagement opportunities, providing complimentary tickets and organizing youth events.

PayPal Holdings (NASDAQ: PYPL) has launched a new feature called Checkout with Crypto, enhancing the usability of cryptocurrencies for online purchases. This service enables customers in the U.S. to convert their cryptocurrency holdings into fiat currency during checkout at millions of online merchants, without incurring any additional fees. As part of its commitment to mainstream cryptocurrency adoption, PayPal aims to provide customers with more payment options while allowing businesses to accept crypto payments easily. The rollout for this feature begins today.

PayPal Holdings, Inc. (NASDAQ: PYPL) announced on March 8, 2021, that it will acquire Curv, a Tel Aviv-based provider of digital asset security infrastructure, to enhance its cryptocurrency initiatives. This acquisition aims to integrate Curv's technological expertise into PayPal's newly formed blockchain and digital currencies unit. The deal, expected to close in the first half of 2021, emphasizes PayPal's commitment to fostering a more inclusive financial system. Financial terms of the transaction have not been disclosed.

PayPal (NASDAQ: PYPL) has partnered with Uber (NYSE: UBER) to facilitate access to COVID-19 vaccines by providing free or discounted rides to vaccination sites in the U.S. The initiative, which follows Uber's previous commitment to offer 10 million rides, includes a $5 million donation from PayPal to enhance transportation access. This collaboration, supported by various organizations, aims to address transportation barriers in underserved communities and is part of PayPal's broader commitment to support minority and women-owned businesses, including a $535 million investment.

PayPal (NASDAQ: PYPL) has announced multi-year partnerships with CodeHouse, INROADS, and the National Association of Black Accountants to enhance the recruitment and career development of Black and diverse talent. This initiative is part of a larger $535 million commitment to bolster diversity, equity, and inclusion within the company. PayPal will support various programs, including scholarships and internships, aimed at creating sustainable career pathways for underrepresented communities. These partnerships align with PayPal's ongoing efforts to diversify its workforce and promote economic equality.

PayPal Holdings, Inc. (NASDAQ: PYPL) announced its fourth quarter and full year 2020 results on February 3, 2021. The company reported strong performance, contributing to a significant growth trajectory. Key metrics include an increase in active accounts, reaching over 375 million globally, and continued expansion in digital payments. The full results can be accessed on their investor relations website. A conference call to discuss these results was scheduled for 2:00 PM PT on the same day, with an archive available for 90 days.