|Bid||199.73 x 1100|
|Ask||199.96 x 1000|
|Day's range||197.72 - 201.10|
|52-week range||82.07 - 215.83|
|Beta (5Y monthly)||1.11|
|PE ratio (TTM)||92.04|
|Earnings date||02 Nov 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||220.20|
PayPal (NASDAQ: PYPL) will soon allow you to buy and sell cryptocurrency on its app. The payments company will expand the service to Venmo, and eventually, allow users to use their crypto to make purchases at the over 26 million merchants that accept PayPal. The announcement was viewed as a positive for both PayPal and bitcoin investors.
Square's (NYSE: SQ) Cash App has been on a tear recently. Invented as a competitor to PayPal's (NASDAQ: PYPL) Venmo, it lets users instantly send money directly to people or businesses without using physical cash. The app has been growing quickly, but in the face of stiff competition, what keeps people from defecting to one of the Cash App's rivals?
Fintech giant Square (NYSE: SQ) has allowed its Cash App customers to buy and sell bitcoin for some time now, and has some high-tech cryptocurrency initiatives underway. Here are the thoughts of Motley Fool analyst Jason Moser and Fool.com contributor Matthew Frankel, and what it might mean for shareholders. You know, we've got PayPal (NASDAQ: PYPL) with the Visa (NYSE: V) credit card, now we're talking about Square.