![]() ![]() Today, the company is better known for its Venmo app, which facilitates digital funds transfer. ![]() As you may or may not know, the company used to be wholly owned by eBay before it was spun off in 2015. (GOOGL) Stock Reaches New High On Strong Earnings & Outlookįor a long time, PayPal perhaps was better known as the way people transacted on eBay. Should Investors Be Watching These Top Biotech Stocks This Month?.That said, adding either one of these companies to your portfolio is a great opportunity to gain fintech exposure, but which one is the better pick? The tailwinds from the rise of bitcoin and pandemic have sped up the adoption of digital payments. After all, both companies have made some inroads into the cryptocurrency space.īoth companies dazzled investors with their robust revenue growth and expanding fintech ecosystems. ![]() While increasing the adoption of digital payments has benefited these two companies, the rise of bitcoin has provided another boost. Many analysts also believe these two fintech stocks are the ones that are worth buying and holding for the long term. Both are doing quite well amid such an unprecedented time. PayPal ( NASDAQ: PYPL) reported stellar earnings on Wednesday while Square ( NYSE: SQ) expects to report later this month. This month, two of the biggest heavyweights in the fintech space are showcasing their performance. For this reason, top fintech stocks in the stock market today have been seeing spectacular growth in their services and transaction volumes. As a result, many brick-and-mortar stores are turning to contactless payment to limit the spread of viruses. And it appears this momentum could continue this year as the pandemic has accelerated the adoption of e-commerce over physical retail, and digital payments over cash purchases. Which Of These Two Top Fintech Stocks Is On The Top Of Your List Right Now?įintech stocks have undoubtedly seen a good year in 2020. ![]()
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