![]() Cash App also has smaller competitors, including Apple Pay and Google Pay, which come pre-installed on iPhones and Android phones. ![]() Cash App has to compete with PayPal, with its larger market capitalization of $138 billion (as of Q1 2022). Payment-to-payment applications are on the rise, but the competition is intense. In an era where smartphones are ubiquitous and consumers are willing to pay for convenience, people are increasingly relying on digital wallets. Some have suggested that the name change is also geared toward the increased interest in crypto and blockchain. The Block brand will focus on the consumer side, in an effort to grant economic empowerment to individuals, artists, fans, developers, and sellers. ![]() The Square brand name will continue to be associated with the company's Seller business, which provides an integrated ecosystem of commerce solutions, business software, and banking services for sellers. It retained the same stock ticker symbol of SQ.
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