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PayPal's About to Take On Robinhood

TheMotleyFool

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At PayPal's (NASDAQ: PYPL) investor day earlier this year, CEO Dan Schulman laid out plans for PayPal to become a financial "super app." The plan included investing in bill payment, a high-yield savings account, efforts in cryptocurrency, and enabling investments in securities for its users.

The company's already taking its first steps toward developing and registering an investment platform within PayPal called Invest at PayPal, and it could launch next year.

Image source: PayPal.

Source Fool.com

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