Western Union (WU) Permits Linxo to Use Its Payment Interface
Zacks Investment Research | Jun 30, 2021 02:19AM ET
The Western Union Co. SQ started elbowing the company in the same space.
As a result of this survival strategy, Western Union developed a broad fintech platform that helped it withstand the uncertainties stemming from the 2020 pandemic.
The company’s online business is raking in moolah fast. Overall, its digital money transfer revenues grew 38% in 2020, surpassing $850 million. For 2021, the company is looking to become a $1-billion worth digital business.
The currently Zacks Rank #3 (Hold) stock to keep in your portfolio owing to its clear growth trajectory and a consistent dividend track record. The company has hiked its dividend per share payment over time and should sustain the trend ahead, backed by its favorable cash flows.
You can see MGI , which has surged 86.3% in the same time frame.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix (NASDAQ:NFLX) did to Blockbuster and Amazon (NASDAQ:AMZN) did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
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