Baird analyst Colin Sebastian said PayPal's acquisition of iZette is its largest deal to date and will further expand its two-sided network. The analyst views the transaction as positive, stating that it can drive expansion into new markets and product offerings, expand the value proposition to both merchants and customers, and reduce payments friction across a variety of payment pathways. Sebastian reiterated his Outperform rating and $88 price target on PayPal shares.

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.