Adyen CEO and Co-founder Pieter van der Does said using bitcoin and other cryptocurrencies as payment methods is not something he is.
Table of contents
- Forget Bitcoin, These Tech Stocks Are Better Buys Right Now | The Motley Fool
- Adyen N.V. (ADYEN.AS)
- Adyen: Bitcoin Is For Investments, Not Payments
These are the types of integrations needed to advance bitcoin.
Forget Bitcoin, These Tech Stocks Are Better Buys Right Now | The Motley Fool
Merchants choosing Adyen and BitPay will receive all the advantages of working with a stable, scalable payments platform. Adyen is a great company, and a strong partner, to help expand bitcoin adoption worldwide.
- Get the Latest from CoinDesk.
- cme btc futures contract.
- sanskrit paper 2021 btc!
- amber btc cf.
- Bright Spots And Challenges In Retail;
We put together an infographic to show just how stellar the year was for Bitcoin and for us. It was an amazing year, and we can't wait to see how pans. We have added an Elixir library for businesses looking to do custom integrations for any Erlang or Elixir-based project. The BitPay Blog. Square, which provides online payment services for individuals and businesses, added Bitcoin trading to its Cash App in early It buys Bitcoin and sells it to Cash users for a slim profit, but doesn't charge any additional transaction fees.
Adyen N.V. (ADYEN.AS)
That surging interest in Bitcoin benefited Square in three ways. First, it offset a slowdown in its seller-based transaction business, which struggled as smaller businesses shut down throughout the pandemic. Second, it elevated the profile of its Cash App, which surpassed 30 million active users last June. Lastly, it complemented the Cash App's growing ecosystem of fintech services , which includes mobile deposits, free stock trades, and upcoming tax preparation services from Credit Karma.
Square's stock initially seems expensive at over times forward earnings, but it only trades at about eight times next year sales, which makes it cheaper than many other high-growth tech stocks. Investors who think Square is too hot to handle should take a closer look at PayPal, its larger rival in online payments.
Adyen: Bitcoin Is For Investments, Not Payments
PayPal previously shunned Bitcoin, but it started allowing users to buy, hold, and sell Bitcoin and other cryptocurrencies in late It also allowed its 29 million merchants to start accepting cryptocurrency payments. PayPal doesn't generate any significant revenue from Bitcoin transactions yet, but its core business remains strong. PayPal's stock trades at just under 50 times forward earnings and 13 times this year's sales, which are reasonable valuations for a market leader with an early-mover's advantage in the war on cash.
Adyen might not be a familiar name to U. Adyen went public in Europe that same year, and its business remained resilient throughout the pandemic. Based on those estimates, Adyen trades at roughly times forward earnings and about 60 times this year's sales.
Those valuations are frothy , but Adyen could grow into its valuation as the mobile payments market expands. Adyen doesn't directly support Bitcoin payments yet. But based on Square and PayPal's moves, it could only be a matter of time before it rolls out integrated Bitcoin and cryptocurrency purchases.
Investing Best Accounts. Stock Market Basics. Stock Market.