Cash App fueled Square's performance in Q2.Cash App's soaring performance enabled Square's total net revenue to grow by 64% YoY to reach $1.92 billion despite its gross payments volume falling 15% in the quarter as Square's merchants faced difficulties amid the coronavirus pandemic.
The US government's stimulus payments may have helped drive Cash App's success, but the platform may be positioned to retain its increasing user base as consumers deplete their stimulus funds. consumers to receive their US stimulus payments via Cash App accounts, likely bringing new users and more funds to its platform.
Many of the platform's new users have engaged with more than one of its services, which may help Cash App ensure users don't abandon its platform after they spend their stimulus funds. Square reported that new users were taking advantage of more services — like Cash Card, direct deposits, and Bitcoin investing — in their first month.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Inside story: Humana's $100 million bet on telehealth startup Heal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
Bringing iPhone apps to Mac may not be so easy, app developers say - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
Uber says its employees can work from home through June 2021 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. How the fuck do you work from home while working for Uber? da fuq? maybe a sign of some good news to come hopefully! Never paid drivers for staying safe at hm
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
TikTok sets new rules for users to combat misinformation - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
Unemployed during coronavirus pandemic: Business Insider survey - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Well Good Evening, check me out then Work at a university. So yup. Unemployed. And they are clueless how to reopen so far.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »