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Crypto

PayPal Surges on Strong Q2 Earnings Amid Crypto Push

Guavy AI Editorial Team
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PYUSD
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PayPal's second-quarter results show the company processed $486.4 billion in payments, up 10% from last year.

The payment volume increase helped revenue rise 5% to $8.68 billion, while net income fell 12% to $1.10 billion.

PayPal's CEO Enrique Lores said stablecoin and agentic payment capabilities can support future growth as the company develops more merchant products.

The company placed PayPal USD inside its new Payment Services & Crypto division, combining it with Braintree, merchant processing, and other services.

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