This Stock Could Be 2020's Best Profit Opportunity
Since its humble origins about a decade ago, Square (NYSE: SQ) has evolved from a niche business that made it possible to accept credit card payments through mobile phones into an impressive financial ecosystem for businesses and consumers alike.
Square's payment processing hardware now includes everything from its mobile readers to full-feature POS systems, and payment volume through its platform has climbed to more than $100 billion annually (and growing). It uses its merchant payment data to make business loans through its Square Capital business, and the company made 75,000 loans in the first quarter of 2020 alone. And on the individual side, Square's Cash App has 24 million active users and has expanded from a person-to-person payment platform into an investment platform, bitcoin exchange, and more.
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Source Fool.com
