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Morgan Stanley Affirms PayPal’s Dominance in Online Commerce

Category: Altcoins, Bitcoin, Blockchain, Business, Finance, News

Morgan Stanley Affirms PayPal’s Dominance in Online Commerce

Morgan Stanley analyst James Faucette believes that PayPal will remain the leader in the online payment sector. The California-based company dominates the industry as they service 79 percent of the top 500 online merchants. In contrast, only four of the top 500 eCommerce sites accept bitcoin as a payment option. Faucette, said: “We expect PayPal to continue growing at or…

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