PayPal (PYPL) continues to grow away from eBay (EBAY), mitigating concentration along with way, Jefferies analyst John Hecht tells investors in a research note. eBay's composition of total payment volume has moved from nearly 20% at the end of 2016 to 10% at Q4 of 2018, the analyst points out. He believes his 2020 forecast for PayPal reasonably accounts for the eBay transition. By his model, eBay will represent low-to-mid single digits composition of both PayPal's total payment volume and revenue by the end of 2020, "substantially below current levels." Hecht keeps a Buy rating on PayPal with a $110 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.