Another example of how to break down the news and think beyond the box

Here’s why you should probably be paying attention to cryptocurrency and digital payment companies

In 2017/2018 the JPM CEO and other big bank officials labeled Bitcoin and other cryptocurrencies as a fraud.

But what changed in 2020?

When you go shopping what do you see at almost every register in the store?

*No Cash Back*
*Cards Only*
*No Coins*

So CC companies like Visa ($V) and MasterCard ($MA) will possibly double over the next 5 years, but what other companies will benefit?

PayPal ($PYPL) and Square ($SQ) which are digital payment companies will not only benefit due to digital payments, but also from Bitcoin.

In March, $SQ was approved by the FDIC to become a bank.

In October $SQ purchased $50m in Bitcoin.

So banks are getting behind crypto

With Covid rising again and contactless transactions increasing, the evidence of a cashless society is growing.

Here are some companies that benefit from a cashless society.

Card payments:
$V and $MA

Digital Payments:
$PYPL, $SQ and Bitcoin

But what other companies?

Apple ($AAPL) will benefit due to Apple Pay.

Taiwan Semi Conductors ($TSM) will benefit since it supplies components for the iPhone 12. It manufactures most of the A-series chips in iPhones + iPads and the only manufacturer of the A14 series processors in the iPhone.

Broadcom ($AVGO) will also benefit.

AVGO supplies chip components for many industries including networking hardware, data center, broadband, wireless, etc.

Does this also mean big growth for credit card and card reader manufacturers?

Does this also mean big growth for point of sale machine manufacturers?

@StockQueenie @firstgenwealth @iammrzdavis @GINGERSNVPS @Aspire2Gr8 @StockEmpress thoughts?

@reenstateofmind @AlhajiMohammed