In this clip from “The Rank” on Motley Fool Live, recorded on Feb. 7, Motley Fool contributors Taylor Carmichael, Jason Hall, and Matt Frankel discuss which fintech stock they think might be the first to hit a trillion dollars one day and why PayPal ( PYPL -1.47% ) is a top contender.
Taylor Carmichael: Yeah. I love PayPal. This is the one out of the 10 that my family owns is PayPal. This is a near-term hit they took. Personally, I think the reason they took a big hit is because crypto took a hit in December. That has hit anybody who trades in crypto or PayPal, or their Venmo app. People can buy and sell crypto. I think that hit their numbers hard. I know it hit Silvergate Capital ( SI -3.56% ). I expect it to hit [Block, Inc.] Square ( SQ -6.06% ) as well. Basically, two major parts of PayPal’s business are fairly new and one is the buy now, pay later. It was huge a few months ago and they’re now selling crypto on the Venmo app. I actually like PayPal’s approach more than I like Jack Dorsey’s approach to crypto. Dorsey is an evangelist for Bitcoin (
