PayPal Holdings, Inc. - PYPL STOCK NEWS

Delphi Display Systems has partnered with Paerpay to integrate a mobile payment solution for Quick Service Restaurants (QSR) drive-thrus. This technology allows customers to pay using QR codes displayed on digital menu boards, without needing to install apps. Paerpay’s system supports multiple payment methods, including Google Pay, Apple Pay, and PayPal. Recent studies indicate that mobile payments can enhance service speed and order accuracy at drive-thrus. This solution will be showcased at FSTec from September 19-21 in Grapevine, TX.

PayPal has launched Grant Payments, a new product aimed at streamlining the grant process for charities. In partnership with National Philanthropic Trust and Vanguard Charitable, the service allows Donor-Advised Fund (DAF) sponsors and grantmakers to electronically send grants to over 200,000 vetted charities via PayPal. This initiative addresses delays caused by manual processes and postal disruptions, enhancing efficiency for both grantmakers and charities. In 2020, DAF donations reached $34.67 billion, indicating a robust demand for quicker funding solutions.

PayPal Holdings, Inc. (NASDAQ: PYPL) announced the granting of equity awards under its 2022 Inducement Equity Incentive Plan to new employees. The Plan was approved by the Compensation Committee in June 2022. This initiative aims to attract talent by offering competitive equity compensation, enabling PayPal to maintain its position in the digital payment industry. The company serves 429 million consumers and merchants across over 200 markets, enhancing financial services and commerce.

Zelcore has launched the first consumer gateway for Web3, enabling users to find, manage, trade, and truly own their digital assets. Unlike centralized exchanges, Zelcore offers full self-custody of assets across 60+ blockchain protocols and over 450 cryptocurrencies. The application is available across major desktop platforms, with mobile versions coming soon. Zelcore's platform aims to enhance the user experience by providing access to a wide array of trading pairs while ensuring security and control over private keys. This innovation signifies a shift towards decentralized finance.

The Giving Block, a leading crypto philanthropy platform, is set to enhance its offerings by introducing stock and card donation processing capabilities in Fall 2022. This service will be available to over 2,000 nonprofit customers, aiming to engage Gen Z and Millennial donors effectively. The card processing will be powered by its parent company, Shift4, enabling various payment options including credit, debit, Apple Pay, and Google Pay. The stock donation solution is anticipated to streamline the process for nonprofits to accept publicly traded stock gifts.

PayPal Holdings, Inc. (NASDAQ: PYPL) announced its second-quarter 2022 results for the period ended June 30, 2022. The company continues to lead in digital payments, serving 429 million consumers and merchants globally across over 200 markets. For detailed results, stakeholders can refer to the earnings release on their investor relations website. A conference call was scheduled for 2:00 p.m. PT to discuss these results further. This quarter emphasizes PayPal's ongoing commitment to innovate within financial services and enhance user experience.

PayPal Holdings, Inc. (NASDAQ: PYPL) launched the Venmo Small Business Grant, a program aimed at supporting emerging small businesses. It will grant $10,000 to 20 selected Venmo Business Profile users to cover expenses like rent and promote their business. Beyond financial aid, recipients will receive mentorship on critical topics such as digital marketing and legal services, in collaboration with partners like Start Small, Think Big. This initiative aligns with PayPal's commitment to promoting racial equity, prioritizing underserved communities in the grant selection process.

Kioxia Corporation announced its collaboration with Aerospike to enhance the Aerospike Server Community Edition database. This collaboration resulted in a 36% increase in application performance when using KIOXIA FL6 Series enterprise NVMe™ Storage Class Memory (SCM) SSDs. The SSDs are designed for high endurance and are currently in mass production, with capacities up to 3,200 GB. Detailed results will be shared during Kioxia's keynote at the Flash Memory Summit on August 2.

KIOXIA America has announced a collaboration with Aerospike to enhance the Aerospike Community Edition database, achieving a 36% increase in application performance. This enhancement utilized KIOXIA's FL6 Series NVMe Storage Class Memory (SCM) SSDs, demonstrating significant improvements in application efficiency. The FL6 drives are mass-produced, capable of 60 DWPD endurance, and available in capacities up to 3,200 GB. This partnership highlights KIOXIA's commitment to creating innovative storage solutions that improve performance for latency-sensitive applications.