Another example of how to break down the news and think beyond the box
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Here’s why you should probably be paying attention to cryptocurrency and digital payment companies
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Here’s why you should probably be paying attention to cryptocurrency and digital payment companies
In 2017/2018 the JPM CEO and other big bank officials labeled Bitcoin and other cryptocurrencies as a fraud.
But what changed in 2020?
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But what changed in 2020?
When you go shopping what do you see at almost every register in the store?
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*No Cash Back*
*Cards Only*
*No Coins*
So CC companies like Visa ($V) and MasterCard ($MA) will possibly double over the next 5 years, but what other companies will benefit?
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*No Cash Back*
*Cards Only*
*No Coins*
So CC companies like Visa ($V) and MasterCard ($MA) will possibly double over the next 5 years, but what other companies will benefit?
PayPal ($PYPL) and Square ($SQ) which are digital payment companies will not only benefit due to digital payments, but also from Bitcoin.
In March, $SQ was approved by the FDIC to become a bank.
In October $SQ purchased $50m in Bitcoin.
So banks are getting behind crypto
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In March, $SQ was approved by the FDIC to become a bank.
In October $SQ purchased $50m in Bitcoin.
So banks are getting behind crypto
With Covid rising again and contactless transactions increasing, the evidence of a cashless society is growing.
Here are some companies that benefit from a cashless society.
Card payments:
$V and $MA
Digital Payments:
$PYPL, $SQ and Bitcoin
But what other companies?
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Here are some companies that benefit from a cashless society.
Card payments:
$V and $MA
Digital Payments:
$PYPL, $SQ and Bitcoin
But what other companies?
Apple ($AAPL) will benefit due to Apple Pay.
Taiwan Semi Conductors ($TSM) will benefit since it supplies components for the iPhone 12. It manufactures most of the A-series chips in iPhones + iPads and the only manufacturer of the A14 series processors in the iPhone.
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Taiwan Semi Conductors ($TSM) will benefit since it supplies components for the iPhone 12. It manufactures most of the A-series chips in iPhones + iPads and the only manufacturer of the A14 series processors in the iPhone.
Broadcom ($AVGO) will also benefit.
AVGO supplies chip components for many industries including networking hardware, data center, broadband, wireless, etc.
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AVGO supplies chip components for many industries including networking hardware, data center, broadband, wireless, etc.
Does this also mean big growth for credit card and card reader manufacturers?
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Does this also mean big growth for point of sale machine manufacturers?
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Does this also mean big growth for point of sale machine manufacturers?
@StockQueenie @firstgenwealth @iammrzdavis @GINGERSNVPS @Aspire2Gr8 @StockEmpress thoughts?
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