information PayPal coming to China through acquisition

[equity78]

Doing business with Chinese domainers by way of PayPal should be coming soon. PayPal is coming to China it looks like. TechCrunch reported that through an acquisition of Go Pay Ltd, PayPal will become the first foreign payment platform to provide service in China. The market is expected to grow to on the mobile payments side alone to $96.73 trillion in 2023, driven partly by increasing demand … [Read mor

 

[myfavorite]

Thanks for sharing. That will likely be a big one for PayPal.

 

[The Durfer]

might increase sales also, with the Chinese able to participate. whoohoo!

 

[myfavorite]

Competition to buy from the secondary market (expired domain etc) will equally increase

 

[NickLim]

Smart move, but perhaps a little too late. PayPal is a sinking ship.

Cryptocurrency has already been serving china for a long time.

Their best bet now would be to become a direct facilitator of crypto transactions, exchange, dispute resolution and fiat on/off ramp

 

[ecalc]

PayPal is a sinking ship.

Fair enough but one could look at their income statement and reach a different conclusion ...

-	2018	2017	2016	2015	2014
Sales/Revenue	15481	13077	10723	9066	8061
EBITDA	3309	3047	2191	1935	1820

all units USD millions, source: WSJ

 

[NickLim]

I do indeed like those profits.

Only time will tell what happens.

Right now they have a monopoly on online fiat transactions which is a great place to be in.

I think fiat, for now, is still the easiest for most people to transact in. We will see if and how that changes.