Block Inc. (formerly Square) is strategically positioned to capitalize on several major trends in the financial technology sector. The company serves consumers via its Cash App digital wallet and SQ merchant point of sale services.

Here are three key trends working in Block's favor right now, that investors should pay attention to:

Consumer Adoption of Digital Wallets:

• Block's Cash App ecosystem is evolving into a comprehensive financial hub, supporting activities from savings and taxes to peer-to-peer transactions and cryptocurrency.
• With 57 million monthly active users, Cash App is growing rapidly, with web visits up 21% year-over-year, chipping away at Venmo's dominance, which currently holds over 60% of consumer mindshare.

This section is restricted to LikeFolio Pro Members only.