PayPal is Exploring Stock-Trading Service for U.S. Customers
PayPal is exploring a stock-trading service for U.S. customers because of the boom in retail investing. (They want some of that Robinhood money.)
PayPal named Rich Hagen to be the CEO of a division called "Invest at PayPal," Here what Rich Hagen said on his LinkedIn "Leading PayPal's efforts to explore opportunities in the consumer investment business," Hagen's profile said.
"The move comes after the online payments company allowed US users to buy and sell cryptocurrencies last year."
PayPal's competitor will be Robinhood, Square and SoFi......