Block, Affirm, PayPal converging
This is a Braintree news story, published by CNBC, that relates primarily to Venmo news.
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fintechsCNBC
•Business
Business & Economics
Fintechs like Block and PayPal are battling like never before to be your all-in-one online bank
82% Informative
Block, Affirm and PayPal are converging as they all try to become the go-to digital bank.
The three fintechs were launched by tech luminaries in different eras of Silicon Valley history.
They're playing to digital- first consumers who either didn't grow up using a brick-and-mortar bank or realized at an early age that they had no need to ever set foot in a physical branch.
PayPal is in the midst of a turnaround that involves working to better monetize products like Braintree and Venmo .
Investors responded positively in 2024 , pushing the stock up almost 40% after a brutal few years.
PayPal 's total payment volume for the quarter hit $437.8 billion , slightly below projections.
VR Score
86
Informative language
88
Neutral language
55
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semi-formal
Language
English
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49
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Hate speech
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Attention-grabbing headline
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Known propaganda techniques
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Time-value
short-lived
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1
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