Shares of Block Inc. (SQ), the financial technology company led by Jack Dorsey, closed up 4.62% on Tuesday, fueled by Piper Sandler’s initiation of coverage with an ‘overweight’ rating and a price target of $83 per share. The positive analyst sentiment comes as Block continues to invest in its cryptocurrency business and expand its reach in the fintech market.
Lyft is teaming up with Cash App, a popular payment service owned by Block, Inc., to offer a new, user-friendly payment option for riders. This integration allows users to link their Cash App directly to the Lyft app, eliminating the need for traditional credit cards or entering payment details. The partnership highlights Cash App Pay’s appeal to younger generations and has fueled a surge in LYFT shares, which are up over 25% in the past year.
Choosing the right mobile payment app can be tricky, with so many options available. This article compares the top contenders – PayPal, Venmo, Cash App, and Apple Cash – evaluating their features, fees, limits, and ease of use to help you decide which best suits your needs.
