Investor interest in PayPal shares has been growing steadily over the past 30 days. This trend was the result of the launch of the company's cryptocurrency service in the fall of 2020.
Bidding last Monday, December 14, again ended with a record for PayPal securities. Over the month, the company's share price has grown by more than 17%.
Some analysts predict that if the price of bitcoin reaches its maximum by the end of this year, then capital investment in PayPal will also grow significantly. It is possible that this company contributed to the November rise of BTC after the launch of its crypto service.
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PayPal's digital currency transaction service targets US users.
In early 2021, the company plans to introduce a global platform for cryptocurrency transactions. Besides, PayPal CEO Dan Shulman said that his team is ready to partner with central banks that have launched their tokens (CBDC).