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Stripe Plans to Acquire PayPal for $53 Billion. Here's What That Could Mean for Crypto Investors.
['Alex Carchidi', 'The Motley Fool', 'July', 'Min Read']
Yahoo Finance
On July 15, Stripe made an offer to buy PayPal (NASDAQ: PYPL) for $53 billion.
Their combination would carry immediate consequences for XRP (CRYPTO: XRP), Solana (CRYPTO: SOL), and other coins, and would dramatically shake up the pecking order among stablecoins, with knock-on effects elsewhere.
Let's analyze how this deal could change crypto's competitive landscape overnight despite neither Stripe nor PayPal being crypto-first businesses.
PayPal, if it ends up being acquired, will bring the ingredients that Stripe cannot buy outright: consumers.
PayPal's stablecoin, PayPal USD, has a $2.7 billion market cap, with Solana as its default payment network since February.