Covid-19 Relief Could Stimulate Fintech Stocks

  • 📰 WSJ
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

If these stimulus payments are used like past ones, investors might want to take a closer look at fintech stocks like PayPal and Square. telisdemos explains. WSJWhatsNow

Millions of Americans have started getting another round of stimulus—and so, by extension, could many fintech companies.. Upstarts such as Chime Financial and others often offer “early access” for many incoming direct deposits, in this case enabling customers to spend stimulus money headed into their accounts a few days before a typical bank customer might.

Many neobanking firms like Chime aren’t actually banks themselves, but software companies with partner banks sitting behind features like deposits and cards. There is no magic technology involved in early access, which typically involves floating money to a customer that the bank knows will arrive shortly via the usual payment system. There is essentially no credit risk, but it does in theory tie up liquidity.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

telisdemos Just read folks are going to Las Vegas to spend their money and let lose

telisdemos For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Blaketeddy56 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️

telisdemos No matter how many breakthroughs there are trials, they will pass. Enthusiasm to stay strong is required. I've invested with the wrong guy thinking I have found someone I can trust, but everything was bad, so I was trying to give up until met Mr Redmond577 I appreciate 💯💯

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:

 /  🏆 98. in BE

Belgique Dernières Nouvelles, Belgique Actualités