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Square announced an additional Bitcoin (BTC) purchase of $170 million buying the dips after BTC price crashed sub $46K levels on Tuesday in a marketwide correction.
As Bitcoin (BTC) enters a steep correction on Tuesday, February 23, big corporates jump in to make the most of the buying opportunity. Seizing once such opportunity, Jack Dorsey-backed Square Inc announced its fresh $170 million Bitcoin purchase.
Also, the recent announcement comes as part of Square unveiling its Q4 2020 results. The Square Cash App is quite popular among crypto investors and offers quite an intuitive interface to trade crypto. It turns out that more than 3 million customers trade Bitcoin last year in 2020. Also, over 1 million customers purchased Bitcoin (BTC) for the first time last month in January 2021.
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Matt is a Certified Financial Planner based in South Carolina who has been writing for The Motley Fool since 2012. Matt specializes in writing about bank stocks, REITs, and personal finance, but he loves any investment at the right price. Follow him on Twitter to keep up with his latest work!
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In this installment of
Industry Focus: Financials, Fool.com contributor Matt Frankel and host Jason Moser give their take on the short squeeze situation, as well as the issues surrounding Robinhood s decision to limit trading in several high-volume tickers. Plus, we ll dive into the upcoming IPO of Latch, which is going public via SPAC merger with
The Debit and P2P Landscapes Continue to Change with Consumer Behavior
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New report from Mercator Advisory Group’s 2020 North American PaymentsInsights survey finds U.S. consumers are altering the way they use debit cards and P2P payments to meet the shifting marketplace.
One of the exhibits in this report. BOSTON (PRWEB) January 06, 2021 Mercator Advisory Group’s most recent consumer survey report, 2020 North American PaymentsInsights: Debit – Continued Change, from the bi-annual North American PaymentsInsights series, takes an in-depth look at U.S. consumers’ current attitudes and behaviors with regard to debit cards and P2P payments.
While the data from this survey indicate a decrease in the number of debit users, actual debit card volume is increasing in the pandemic era.
21 December 2020, 11:26 pm EST By
Two electronic payment players namely PayPal Holdings and Square are now clashing in a race towards improving digital wallet apps. The contest could have a major effect on both Square and PayPal stock for the upcoming year and beyond.
PayPal adds new features
Two of the most popular payment companies are now marketing apps that allow its users to shop and receive discounts, make installment payments, and even buy cryptocurrencies. Both of the companies are now competing within the digital wallet space against other tech giants like Apple, Amazon, and even Alphabet s Google. The competition also includes a number of other feisty financial tech startups.