Cash App Is the Most-Used Investing App Across All Generations. Does That Make Block a Buy?
Investors have numerous options when it comes to investment platforms. Those who have invested in index funds or traded stocks for several years may turn to a Charles Schwab or a Fidelity. Younger investors often gravitate toward Robinhood, while more cryptocurrency-oriented investors may prefer .
However, when it comes to the most trusted platform, it will likely surprise many that it is Cash App, the digital wallet operated by its parent company, Block (NYSE: SQ). But does that leadership make the former Square, Inc. an excellent investment? Let's take a closer look.
According to The Motley Fool's Generational Investing Tools survey, 38% of respondents use Cash App for investing purposes, and it is particularly profitable among Gen Z and millennial investors. Fifty-four percent of millennials and 50% of Gen Z preferred the digital wallet.
Source Fool.com
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