{"id":14411,"date":"2018-04-10T00:00:00","date_gmt":"2018-04-09T16:00:00","guid":{"rendered":"https:\/\/www2019.dash.org\/2018\/04\/10\/while-bitcoin-seems-unlikely-to-challenge-visa-mastercard-and-paypal-in-online-acceptance-we-recognize-that-a-number-of-cryptocurrencies-may-be-better-designed-for-payment-functionality-like\/"},"modified":"2021-09-18T11:37:32","modified_gmt":"2021-09-18T11:37:32","slug":"investors","status":"publish","type":"post","link":"https:\/\/wp.dash.org\/news\/investors\/","title":{"rendered":""While Bitcoin seems unlikely to challenge Visa, Mastercard, and PayPal in online acceptance, we recognize that a number of cryptocurrencies may be better designed for payment functionality, like Dash and Litecoin," James Faucette, a Morgan Stanley analyst, said in a note to clients"},"content":{"rendered":"
Bitcoin isn\u2019t gaining traction among internet retailers as a method of payment, which is good news for the likes of PayPal Holdings (PYPL<\/a>), Visa (V<\/a>) and Mastercard (MA<\/a>), says a Morgan Stanley survey.<\/p>\n Bitcoin adoption remained unchanged, as it was accepted at only four of the top 500 online merchants in the March quarter, the survey said.<\/p>\n \u201cWhile Bitcoin seems unlikely to challenge Visa, Mastercard, and PayPal in online acceptance, we recognize that a number of cryptocurrencies may be better designed for payment functionality, like Dash and Litecoin,\u201d James Faucette, a Morgan Stanley analyst, said in a note to clients.<\/p>\n \u201cAt this stage we have not observed any notable acceptance among larger merchants, with the exception of Overstock,\u201d Faucette went on to say.<\/p>\n PayPal\u2019s online check-out option is used at 79% of the top 500 internet retailers, according to the Morgan Stanley survey. Amazon Pay at came in at 12%, Visa Checkout was 8% and Mastercard Pass at ended up with 7%.<\/p>\n PayPal added Williams-Sonoma in the March quarter. Amazon.com (AMZN<\/a>) has been using its 1-click payment technology to attract merchants to its payments platform. If online shoppers log in to their Amazon accounts at third-party websites, 1-click speeds up the checkout process.<\/p>\n \u201cWe expect PayPal to continue growing at or above the pace of e-commerce, and the network benefit of being a leader among merchants should continue to drive engagement higher,\u201d said the Morgan Stanley report.<\/p>\n PayPal stock rose 1.8% to close at 75.19 on the stock market today<\/a>. PayPal is trading well below a technical buy point of 86.42.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin isn\u2019t gaining traction among internet retailers as a method of payment, which is good news for the likes of PayPal Holdings (PYPL<\/a>), Visa (V<\/a>) and Mastercard (MA<\/a>), says a Morgan Stanley survey.<\/p>\r\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[216],"tags":[],"class_list":["post-14411","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"yoast_head":"\n79% For PayPal<\/h2>\n