PayPal (NASDAQ: PYPL) needs no introduction.
The payments giant has been a mainstay of the financial industry for online payments and money transfers ever since its initial public offering (IPO) in 2002.
As of July 2021, the company boasted a massive user base of 403 million active accounts and processed over USD 1.1 trillion worth of payments in the last 12 months.
PayPal’s growth story has been no fluke.
Over the years, the company has kept itself relevant to consumers by using financial technology to adapt to changing demands for financial services.
Back in 2013, PayPal acquired Venmo, a mobile wallet that enables mobile and peer-to-peer transactions.
Venmo later added capabilities that allowed users to buy, sell and hold cryptocurrencies, a popular asset class with the younger generation.
Most recently, news has emerged that PayPal is looking to introduce stockbroking to its array of services.
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PayPal’s latest venture,