Shares of digital payments company PayPal have risen 70% this year, outperforming Facebook, Apple and JPMorgan and giving it a market cap of $82bn -- higher than American Express. The rise in the value of bitcoin has been driven by speculation that its price could be used to pay for goods or services using other currencies.
Shares of digital payments company PayPal have risen 70% this year, outperforming Facebook, Apple and JPMorgan and giving it a market cap of $82bn -- higher than American Express. In an interview with The Street, PayPal CEO Daniel Schulman said the company was more concerned with focusing on its value proposition than outdoing rivals.