Q: More of a comment to you answer to Paul's questions about PayPal and Visa as I recently asked a questions about the 2 companies, loved your summary, but you missed adding what I would think is something thats a huge growth area for Square and PayPal... Visa not so much... Cash App.
Taken from Square's recent earnings " Cash App delivered strong growth in the third quarter of 2020, generating $2.07 billion of revenue and $385 million of gross profit, which increased 574% and 212% year over year, respectively. Excluding bitcoin, Cash App revenue was $435 million, up 174% year over year"
Bitcoin and stock trading, drives engagement and then those customers tend to use more of the app, as you would know PayPal has Venmo whis is or was the leader in a similar space but Visa wouldnt have anything similar or do they?
Taken from Square's recent earnings " Cash App delivered strong growth in the third quarter of 2020, generating $2.07 billion of revenue and $385 million of gross profit, which increased 574% and 212% year over year, respectively. Excluding bitcoin, Cash App revenue was $435 million, up 174% year over year"
Bitcoin and stock trading, drives engagement and then those customers tend to use more of the app, as you would know PayPal has Venmo whis is or was the leader in a similar space but Visa wouldnt have anything similar or do they?