Jefferies analyst Ramsey El-Assal notes that PayPal (PYPL) bears cite the company's relationship with eBay (EBAY) as a risk factor. Following a detailed look at the relationship, El-Assal believes the earnings impact of a renegotiation in conjunction with the 2020 contract expiration should prove "quite manageable" to PayPal. The two companies rely "much-too-much" on each other to part ways, El-Assal tells investors in a research note titled "No Need to Sweat the 2020 EBAY Renewal." The analyst keeps a Buy rating on PayPal shares with a $70 price target.

DMG Blockchain Solutions (DMGGF) announced a strategic collaboration with PayPal (PYPL) and Energy Web to explore ways to decarbonize the Bitcoin blockchain. The companies are working together on developing methods for transacting on the Bitcoin network which would expand its use as a carbon neutral payment rail, thus advancing its application. DMG, Energy Web, and PayPal are working together to publish a research paper, which we collectively believe will benefit users of the Bitcoin network who would like to take advantage of carbon neutral options in their transactions. PayPal, with its focus on developing its bitcoin payment rail, has been a leader in new payment technologies with the introduction of its enhanced services by integrating blockchain technology, launching the PayPal USD stablecoin with Paxos Trust Company in August 2023 for efficient transactions.