Author Bio
Travis Hoium has been writing for fool.com since July 2010 and covers the solar industry, renewable energy, and gaming stocks among other things. Follow @TravisHoium
Square s (NYSE:SQ) fourth quarter 2020 earnings report was met with some disappointment on Tuesday after the company revealed that its retail payments platform is growing relatively slowly, and most of its growth is driven by the volatile cryptocurrency
Bitcoin.
On the surface, Square s non-Bitcoin growth of 23% during the quarter doesn t look impressive, and compared to other e-commerce companies, it isn t. But if we look at the foundation of Square and where the company is heading, the picture looks a little better for this high-profile tech stock.