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fintechsCNBC
•Business
Business & Economics
82% Informative
Block, Affirm and PayPal are converging as they all try to become the go-to digital bank.
The three fintechs were launched by tech luminaries in different eras of Silicon Valley history.
They're playing to digital- first consumers who either didn't grow up using a brick-and-mortar bank or realized at an early age that they had no need to ever set foot in a physical branch.
PayPal is in the midst of a turnaround that involves working to better monetize products like Braintree and Venmo .
Investors responded positively in 2024 , pushing the stock up almost 40% after a brutal few years.
PayPal 's total payment volume for the quarter hit $437.8 billion , slightly below projections.
VR Score
86
Informative language
88
Neutral language
55
Article tone
semi-formal
Language
English
Language complexity
49
Offensive language
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Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
1
Source diversity
1
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