Looks fair price21 Oct 2020 16:25
Pathetic performance by Arb over the year really.....but this paypal news could see a rerate. Very cheap compared to US miners. Would be treble current price if listed in US. Maybe a bid will turn up if this continues under 10p.
"PayPal Holdings Inc. plans to allow customers to buy cryptocurrency through their accounts and use cryptocurrency for merchant payments.
The company announced Wednesday that it is introducing a way for customers to buy, hold, and sell certain cryptocurrencies within the PayPal PYPL, 4.37% wallet. This will roll out over the coming weeks in the U.S.
Initially, PayPal users will be able to buy Bitcoin BTCUSD, 7.79%, Ethereum ETHUSD, 5.58%, Bitcoin Cash BCHUSD, 7.43%, and Litecoin LTCUSD, 11.52%. PayPal intends to bring this function to its Venmo platform and to certain international markets in the first half of next year.
Shares are up nearly 5% in morning trading Wednesday, while exchange-traded funds that track the price of cryptocurrencies are up sharply as well".