Paysafe Ltd (PSFE)

[Norton1973]

PSFE, Paysafe,....2 Growth Stocks Crushing Dogecoin as a Payment Solution | The Motley Fool
https://www.fool.com/investing/2021/09/09/2-growth-stocks-crushing-dogecoin-payment-solution/

Paysafe

If innovation and excitement are part of the investment criteria, then Paysafe (NYSE:PSFE) is a growth stock to consider. It's a payments company with one very specific focus right now: online gambling.

It's riding the coattails of some of the world's largest bookmakers and online casinos as they blaze a trail through American states that have legalized online gambling. Paysafe has a long-standing partnership with European giant Flutter Entertainment, which owns popular brands like PokerStars and Betfair. Its new U.S. subsidiary Fox Bet is expanding into states that allow online sports betting, and Paysafe is powering its transactions.

Paysafe owns Skrill, a digital wallet, and Neteller, a solution that facilitates payments between consumers and merchants. It's using these brands to securely process transactions for online gambling companies and their customers.

In the second quarter of 2021, Paysafe processed over $32 billion worth of transactions globally. It was a 41% increase over the same quarter last year, and it's almost as much as the entire value of all the Dogecoin currently in existence.

The company reports over 12.1 million customers under its eCash segment, which is responsible for iGaming (online gambling). It's the fastest-growing area of the company, driven by the American gambling expansion, which saw 48% growth in revenue alone in the second quarter. 

At recent prices, investors can buy the stock for a roughly 50% discount to its all-time highs, since there have been some concerns about the company's overall growth trajectory. But these worries should be alleviated as the faster-growing eCash segment becomes a larger portion of Paysafe's total revenue. 

With tens of millions of customers and increasing payment volumes, Paysafe looks like a great investment alternative to Dogecoin.