Overview of PayPal's Current Market Position PayPal (NASDAQ:PYPL) has faced significant challenges in the stock market recently, with its share price hovering around 8% from its 52-week low of $55.85. Despite this, the underlying business fundamentals appear to be on an upward trajectory, leading to a reassessment of its stock potential. Analysts have upgraded the stock rating from 'Buy' to 'Strong Buy', signaling confidence in its future performance. Valuation Metrics and Market Comparisons Currently, PayPal is trading at a forward price-to-earnings (P/E) ratio of approximately 10x, which is considerably lower than that of its peers and the S&P 500 average. This valuation indicates that the market may be undervaluing PayPal compared to other fintech companies. Simultaneously, the firm has demonstrated robust revenue growth and earnings per share (EPS) increases, highlighting its financial health. Key Financial Indicators Strong Revenue Growth: PayPal continues to report solid revenue increases, reflecting its strong market demand. High Profitability: The company's profitability ratios remain impressive, suggesting efficient operations. Free Cash Flow Generation: PayPal boasts significant free cash flow, enabling reinvestment and shareholder returns. Aggressive Share Buybacks: The firm's commitment to share buybacks illustrates management's confidence in its long-term growth prospects. Growth Opportunities and Market Expansion PayPal is actively expanding its footprint, particularly in the Buy Now, Pay Later (BNPL) sector and international markets. These strategies position PayPal for potential double-digit growth in net income and offer the possibility of a re-evaluation of its market multiples. As consumer preferences shift towards BNPL solutions, PayPal’s initiatives in this arena could significantly enhance revenue streams. Strategic Initiatives in BNPL and International Markets Buy Now, Pay Later Expansion: PayPal is increasing its presence in the BNPL space, catering to a growing consumer base seeking flexible payment options. International Market Penetration: By targeting international markets, PayPal can tap into new customer segments and diversify its revenue sources. Conclusion: Reassessing PayPal's Value Proposition While recent stock performance has been disappointing, PayPal’s strong fundamentals and proactive management strategies suggest that the stock may represent a compelling investment opportunity. With its focus on expanding into high-growth areas like BNPL and international markets, alongside strong financial metrics, PayPal appears well-positioned for future growth. Investors may find that now is an opportune time to consider adding PayPal to their portfolios, given its potential for recovery and long-term value. Disclaimer All investments carry risks, and past performance does not guarantee future results. This article reflects the author's opinions and should not be construed as investment advice. The author maintains a long position in PayPal shares and has no financial relationship with any mentioned companies.

Understanding the Trump Gold Card Visa Program The recently introduced 'Trump Gold Card' visa program is generating significant interest among wealthy individuals seeking residency in the United States. This program, positioned as a direct alternative to traditional visa pathways, aims to provide a streamlined approach for families and business leaders, offering a predictable route to US residency that circumvents the uncertainties often associated with lottery or employment-based visa systems. Financial Implications of the Gold Card However, this expedited residency comes with a hefty price tag, starting at $1 million, which raises pressing questions about equity and accessibility in global migration. As Rayad Kamal Ayub, managing director of Rayad Group’s Immigration Company in the UAE, explains, the Gold Card effectively allows individuals of extraordinary ability, as well as those whose work is deemed beneficial to the national interest, to secure permanent residency through substantial financial contributions to the US Department of Commerce. Program Details and Legal Context While the recent release of an official application form and website suggests that the Gold Card program is progressing, legal and practical complexities remain. Shai Zamanian, a Dubai-based US attorney, points out that the Gold Card was established via executive order rather than legislative action. This lack of formal regulations means the program is vulnerable to changes or potential elimination by future administrations, contrasting starkly with the EB-5 Immigrant Investor Program, which has a solid foundation in US immigration law. Visa Backlogs and Processing Challenges Understanding the processing timelines and visa availability is crucial for prospective applicants. Gold Card applications are categorized under the EB-1 or EB-2 visa categories, both of which are experiencing significant backlogs, especially for applicants from China and India. As demand for the Gold Card rises, these backlogs are likely to worsen. For instance, EB-2 applicants from China face wait times of several years, while those from India are looking at decades-long delays. Even EB-1 is not immune, as it currently faces backlogs for both nations. Comparing Gold Card and EB-5 Investments When comparing the Trump Gold Card to the EB-5 program, several key differences emerge. The EB-5 program allows one qualifying investment to cover the main applicant and their immediate family. In contrast, the Gold Card could require separate $1 million contributions for each dependent, potentially escalating the total investment for families significantly. Zamanian notes that guidance surrounding these financial obligations remains unclear. Further complicating matters, there are uncertainties regarding whether Gold Card applicants will be permitted to file for adjustment of status while residing in the US. The application form implies that consular processing may be the only option, which could restrict applicants' ability to live and work in the US during the application period. In contrast, EB-5 investors are explicitly allowed to file concurrent adjustment applications when eligible. Cost Comparisons and Financial Considerations Financially, the EB-5 program requires an investment of $800,000 and involves at-risk capital with the possibility of returns, all while including family members in the application. In contrast, the Trump Gold Card demands a non-refundable $1 million donation per person, with no potential for fund recovery and likely visa backlogs complicating matters further. The Gold Card program is not backed by any formal statute, making it susceptible to changes without new legislation. Expert Insights on the Gold Card's Viability While the Trump Gold Card might appeal to some ultra-high-net-worth individuals, it presents higher costs, legal uncertainties, and potential visa delays, particularly for families and individuals from countries with existing backlogs. Zamanian emphasizes that the EB-5 program remains the most stable and structured investment-based route to US permanent residence, having been operational for nearly 35 years. Financial Obligations Breakdown To illustrate the financial obligations associated with the Gold Card, consider the following breakdown: A non-refundable gift of $1,000,000 per person, which includes dependents such as spouses and children. For a family of four, the total amounts to $4 million in gifts, alongside an additional $60,000 in fees. A $2,000,000 gift for the principal beneficiary. Each spouse or child would incur a $1,000,000 gift requirement. The same $15,000 USCIS fee applies per individual. Ayub adds that applicants must clearly document the source and handling of these funds. The Department of Commerce will scrutinize the legitimacy of the financial gift prior to USCIS adjudicating the application, ensuring that only qualified applicants are considered. A Shift in US Immigration Policy In summary, the Trump Gold Card visa program signifies a noteworthy shift in US immigration policy, linking permanent residency to substantial, verifiable financial contributions. This initiative not only aims to attract global talent but also seeks to ensure immediate economic benefits. For high-net-worth individuals and innovative entrepreneurs, the Gold Card presents a structured pathway to engage with and contribute to the American economy. Angel Tesorero serves as the Assistant Editor, focusing on transport, labor migration, and environmental issues, while also being a culinary enthusiast. Stay informed with the latest developments by subscribing to our newsletter.

Introduction The cryptocurrency landscape has faced significant challenges in 2025, particularly following a major sell-off induced by US President Donald Trump's tariff threats against China in October. Despite these fluctuations, a long-term analysis reveals a notable increase in cryptocurrency ownership across Europe. A recent report titled ‘Web3 Industry in France and Europe’ by Adan indicates that over 90% of individuals aged 18 and older in key European markets are aware of crypto-assets. Current Ownership Statistics Ownership rates for cryptocurrency have experienced a steady rise in Europe. A survey conducted by the European Central Bank highlighted that 9% of adults in the eurozone owned crypto-assets in 2024. Within the 20 eurozone countries, ownership rates varied slightly, with the Netherlands and Germany at 6%, while Slovenia led with a 15% ownership rate. **Slovenia**: 15% **Greece**: Following Slovenia **Ireland, Croatia, Cyprus, Lithuania, Austria**: Shared subsequent positions James Sullivan, Chief Risk and Compliance Officer at BCB Group, noted that these variations in ownership are influenced by factors such as digital adoption, risk appetite, and the structure of local markets. Countries characterized by significant financial innovation and a predominantly younger male investor demographic tend to be at the forefront of crypto investment. Role of Regulation and Market Environment Sullivan emphasized the importance of local regulatory and economic conditions. In areas where traditional investment options are limited, cryptocurrencies often serve as speculative instruments. Moreover, effective awareness campaigns, particularly in markets like Italy, have played a crucial role in boosting adoption rates. Although the United Kingdom is not part of the eurozone, it has maintained high transaction volumes, ranking third globally in crypto activity behind the US and India. Trends Over Time Between 2022 and 2024, nearly every eurozone country saw an increase in cryptocurrency ownership, with the Netherlands being the only country to maintain its rate. Overall, ownership rose from 4% in 2022 to 9% in 2024. Greece and Lithuania experienced the most significant increases, each rising by 10 percentage points. Other nations, including Cyprus, Belgium, Ireland, Austria, Slovakia, Slovenia, Portugal, and Italy, all recorded increases of 7 points or more. Consumer Confidence and Regulatory Impact James Sullivan pointed out that this marked increase in ownership indicates a strengthening interest among European retail investors, suggesting that the market's previous downturns have become a thing of the past. Factors contributing to this renewed confidence include a cyclical return of global market momentum and the consumer protection provided by the Markets in Crypto-Assets (MiCA) regulation. MiCA establishes uniform market rules for crypto within the EU, covering assets exempt from current financial services regulations. Sullivan stated that MiCA's implementation signals the EU's acknowledgment of the crypto sector as a mainstream financial avenue, thereby fostering trust and enticing new investors who were previously hesitant. Investment vs. Payment Use Cases Investment remains the primary motivation for cryptocurrency usage in the eurozone, with 64% of holders indicating that they utilize these assets for investment purposes, while only 16% leverage them for transactions. An additional 19% reported using crypto for both investment and payment. **Netherlands**: 90% use crypto primarily for investment **Germany**: 82% invest in crypto **France**: 25% use crypto for payments Sullivan remarked that the distinction between investment and payment usage underscores the speculative nature of the crypto market, which remains predominantly investment-driven. Although certain cryptocurrencies, particularly stablecoins, offer practical advantages for transactions, their adoption for everyday purchases lags significantly behind traditional payment methods such as cash and credit cards. Future Outlook Despite the growing institutional adoption of cryptocurrencies, most European consumers have yet to embrace them for daily transactions. For cryptocurrencies to transition into a practical utility, success in regulating euro-denominated stablecoins and their integration into existing payment systems will be essential. This remains a critical area of focus for the European Central Bank (ECB). Conclusion As Europe witnesses an upward trend in cryptocurrency ownership, understanding the underlying factors driving this growth—such as regulatory developments, market dynamics, and consumer behavior—will be vital. The evolution of the crypto landscape will depend significantly on how effectively these elements come together to foster a robust and trusted ecosystem for both investors and everyday users.