PayPal acquires Honey deal finder for $ 4 billion to expand retail payment business

According to Bitcoinist, PayPal recently acquired Honey deal finder for $ 4 billion to expand its retail payment business in order to counter the competitive pressure of peer crypto businesses such as Square, its main competitor. It is reported that PayPal is skeptical of digital assets and bans crypto-related transactions as much as possible. PayPal had refused to provide encryption services before joining the Libra Association, but then withdrew due to reports of excessive pressure. Honey has 17 million active users every month, and its users are attracted by coupon services, Amazon specials, and other discounts from up to 30,000 online retailers.