
Fintech payment providers Paypal (ticker:PYPL) and Square (ticker:SQ) are making news headlines these days as Paypal started allowing its U.S. users to trade cryptocurrencies this week. Square, on the other hand, announced recently that it had allocated $50m of its cash to bitcoin, although not significant in comparison to its assets and represented only 1% of its assets. What both Paypal and Square are demonstrating their move into cryptocurrencies and I'm expecting more news out of Square.
Listen to the episode to learn which payment provider I'm considering to buy on the next pull-back and why? Also, I'll update you on Chinese fintech giant Ant Financial which had it's IPO delayed and is now looking at its valuation getting slashed by up to 50%! I've got the inside story.