Business
Bitcoin, Digital Wallets, AI and the Cloud: CEOs of Square, PayPal, Logiq, and Alibaba Driving New Revenue Growth Opportunities
Bitcoin, Digital Wallets, AI and the Cloud: CEOs of Square, PayPal, Logiq, and Alibaba Driving New Revenue Growth Opportunities.
About this update from Logiq Inc.
[{"type":"text","content":"\n NEW YORK, Jan. 08, 2021 (GLOBE NEWSWIRE) -- Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: Square (NYSE:SQ), Logiq, Inc. (OTC: LGIQ), Alibaba Group Holdings (NYSE: BABA) and PayPal (NASDAQ: PYPL). Bitcoin and digital currency adoption is being driven by the convergence of AI, Big Data, Smart Phones, and financial innovation - driving massive new growth opportunities in all aspects of financial services. Wall Street Reporter highlights the latest comments from industry thought leaders: Square (NYSE: SQ) CEO Jack Dorsey: “Scaling Business and Consumer Fintech Ecosystems” “...We have scaled not one but two ecosystems focused on expanding access to financial services for sellers and individuals…Let’s start with Seller. We’re focused on providing sellers with fast and flexible access to their funds, which has proven to be especially important this year. Square Card, our business debit card, which we launched last year, provides sellers with a way to immediately access and spend earned funds without setting up a bank account. Adoption of Square Card has increased each quarter since launch...We also work to provide employees easier access to funds. In the third quarter, we launched two new features for Square Payroll, Instant Payments and On-Demand Pay. Instant Payments allows Square Payroll merchants to pay employees using earned funds next business day with direct deposit or instantly when employees use Cash App. This strengthens the integration between our Seller and Cash App ecosystems, and it was a great example of what we can do when we connect the two ecosystems together…” “For Cash App, we’ve continued to find ways to make financial services more relatable and accessible for individuals. We’ve seen strong adoption across the Cash App ecosystem, including our stock brokerage product, which has seen the fastest adoption of any product to-date. Since launching it less than a year ago, more than 2.5 million customers have bought stocks using Cash App and billions of dollars have been traded by the end of the third quarter...This quarter we launched Auto-Invest, which allows for dollar-cost averaging from recurring daily or weekly purchase of Bitcoin or stocks.” S...