Lessons from Investment Gurus

The Most Important Thing

 Successful investing requires thoughtful attention to many separate aspects, all at the same time. 
Omit any one and the result is likely to be less than satisfactory.

The idea of the most important things—each is a brick in a solid wall, and none is dispensable. 

Paypal is near all-time lows despite positive earnings and strong projections.  Like Meta has, can this big well known company thats down a lot make a massive comeback too?  Their latest move of launching a dollar backed stablecoin is quite interesting.  I think they might be the largest consumer company to do so so far?
#Crypto 

PayPal launches dollar-backed stablecoin, boosting shares

Crypto

Paypal is near all-time lows despite positive earnings and strong projections.  Like Meta has, can this big well known company thats down a lot make a massive comeback too?  Their latest move of launching a dollar backed stablecoin is quite interesting.  I think they might be the largest consumer company to do so so far? #Crypto  PayPal launches dollar-backed stablecoin, boosting shares Payments giant PayPal said on Monday it has launched a U.S. dollar stablecoin, becoming the first major financial technology firm to embrace digital currencies for payments and transfers. https://www.reuters.com/technology/paypal-launches-stablecoin-crypto-push-2023-08-07/

Jerome Cody

The House Select Committee on China is planning to send a letter to PayPal CEO Alex Chriss on Friday, seeking assurances that the U.S. payment giant is complying with anti money-laundering rules after it entered into a partnership earlier this year with a unit of Chinese tech giant Tencent.

In a draft copy of the letter, the Committee said U.S. authorities had identified Tencent’s payment feature for its popular WeChat messaging app for allegedly facilitating money-laundering operations tied to fentanyl trafficking. Further, it claimed that PayPal’s integrations with Tencent’s payment feature through their partnership “risk converting a coordination platform for criminal networks into a direct payment rail.” The Committee requested that PayPal provide documents including agreements with Tencent, as well as organizational charts and risk assessments.

In July, PayPal announced a series of global partnerships with many of the world’s largest payment systems, including Tencent’s payment business. The U.S. company said the partnership would enable PayPal users who travel to China to use the PayPal app to make purchases at local stores that accept WeChat’s payment system.

PayPal has been contacted for comment.

https://www.webpronews.com/house-committee-probes-paypal-on-chinese-money-laundering-fentanyl-ties/

The House Select Committee on China is planning to send a letter to PayPal CEO Alex Chriss on Friday, seeking assurances that the U.S. payment giant is complying with anti money-laundering rules after it entered into a partnership earlier this year with a unit of Chinese tech giant Tencent.  In a draft copy of the letter, the Committee said U.S. authorities had identified Tencent’s payment feature for its popular WeChat messaging app for allegedly facilitating money-laundering operations tied to fentanyl trafficking. Further, it claimed that PayPal’s integrations with Tencent’s payment feature through their partnership “risk converting a coordination platform for criminal networks into a direct payment rail.” The Committee requested that PayPal provide documents including agreements with Tencent, as well as organizational charts and risk assessments.  In July, PayPal announced a series of global partnerships with many of the world’s largest payment systems, including Tencent’s payment business. The U.S. company said the partnership would enable PayPal users who travel to China to use the PayPal app to make purchases at local stores that accept WeChat’s payment system.  PayPal has been contacted for comment.  https://www.webpronews.com/house-committee-probes-paypal-on-chinese-money-laundering-fentanyl-ties/

The House Select Committee on U.S.-China Competition has requested PayPal documents on potential money laundering by Chinese entities, amid concerns over fentanyl trafficking and sanctions evasion. This probe highlights vulnerabilities in digital payments and could lead to stricter regulations for fintech firms. PayPal's response may set industry precedents.