Have you sent someone money through an app recently? Or paid for a purchase with a touchless credit card transaction? You might not have used the services of Block (NYSE: SQ), but if you engage in any digital financial transactions, you're benefiting from an upgraded experience that Block has contributed to in multiple ways.

Its original product, the Square card reader from which it took its previous name, was a revolutionary way for small businesses to accept credit card payments at the time, and these kinds of payment options are so widespread today that it's hard to remember a time when they didn't exist.

But for all of its innovations and contributions, Block's business hasn't quite kept up. After wowing investors, who ran up its share price, the stock has lost a lot of its value. Let's see why, where the company is going, and whether Block stock is a buy, sell, or hold right now.

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Source Fool.com