Block Launches Installment Feature for Cash App
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy XYZ?
Block's Cash App announced a feature that allows customers to convert peer-to-peer, P2P, money transfers into installment plans. Customers can now spread the cost of P2P payments over time, giving them greater control over their cash flow when it matters most. "Millions of customers already use pay-over-time features within Cash App for card purchases, and this expansion builds on that existing behavior by extending a familiar experience to more transaction types within the app," said Owen Jennings, Executive Officer and Head of Business, Block. "We're delivering flexibility at every touchpoint where customers are sending and spending their money. We're going to continue down this path to build products that meet our customers where they are, giving them flexible options that fit their everyday financial lives."
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Analyst Views on XYZ
Wall Street analysts forecast XYZ stock price to rise
30 Analyst Rating
25 Buy
3 Hold
2 Sell
Strong Buy
Current: 59.540
Low
55.00
Averages
86.51
High
108.00
Current: 59.540
Low
55.00
Averages
86.51
High
108.00
About XYZ
Block, Inc. builds technology to increase access to the global economy. The Company operates through two segments: Square and Cash App. The Square includes managed payment services, software solutions, hardware, and financial services offered to sellers, excluding those that involve Cash App. The Cash App segment includes the financial tools available to individuals within the mobile Cash App, including peer-to-peer payments, bitcoin and stock investments. The Cash App also includes Cash App Card, which is linked to customer stored balances that customers can use to pay for purchases or withdraw funds from an ATM. Cash App also includes the BNPL platform. Its Afterpay business is transforming the way customers manage their spending over time. Its TIDAL business is a music platform that empowers artists to thrive as entrepreneurs. Its Bitkey business is a simple self-custody wallet built for bitcoin. Proto business is a suite of bitcoin mining products and services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Investor Misconceptions: Many novice investors mistakenly believe that a higher stock price indicates greater value; however, market capitalization provides a more accurate comparison of company value, aiding investors in making informed decisions.
- Size Impact: Market capitalization determines a company's size tier among peers, directly influencing which mutual funds and ETFs are willing to hold the stock, particularly as large funds tend to favor companies with market caps over $10 billion.
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- Payment Strategy Development: Coinbase has established a payment strategy centered around the stablecoin USDC, launching the Coinbase Payments product and collaborating with Shopify to position USDC as a mainstream global payment method, thereby increasing its market share.
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- Enhanced User Experience: With single sign-on and unified billing, Square Restaurant Inventory by MarketMan offers a streamlined support experience, ensuring seamless connectivity for users and enhancing operational flexibility and scalability.
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