![]() ![]() In fact, Bitcoin revenue grew ninefold in 2020 to $4.57 billion. ![]() Cash App allows Square to generate revenue from merchant transactions, as well as bank transfers, investing, and Bitcoin exchange. The company's peer-to-peer payments platform has seen its monthly active user count more than quintuple to 36 million in three years. Since this segment is driven by merchant fees, having bigger businesses as customers should lead to higher gross profit. As of Q4 2020, this figure was up to 30%. Two years ago, 24% of all GPV originated in the fourth quarter from businesses with at least $500,000 in annualized GPV. The interesting thing about the seller ecosystem is that it's beginning to attract larger businesses. Dogecoin has plenty of momentum at the moment, but it lacks any real differentiation to be a meaningful digital currency. By combining two of the buzziest things of 2013 - cryptocurrency and a popular Shiba Inu dog meme - Dogecoin was born. What's more, it's hard to overlook the fact that Dogecoin was created in 2013 as a joke by two engineers. Rather, tweets and pumping from Tesla CEO Elon Musk appear to have done most of the heavy lifting. For example, Dogecoin isn't being driven by anything fundamental that would remotely support its roughly $50 billion market cap attained earlier this week. Take its perceived-to-be low token price and the unregulated nature of crypto markets, and you have a powder keg moment for Dogecoin.īut not all is as it appears to be. Young investors have always been attracted to assets with massive amounts of momentum. Dogecoin is soaring for silly reasonsĭogecoin, which can be purchased for mere pennies, has represented the mother of all FOMO (fear of missing out) trades of late. ![]()
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