{"id":411190,"date":"2021-01-08T10:03:38","date_gmt":"2021-01-08T15:03:38","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=411190"},"modified":"2021-01-08T10:03:38","modified_gmt":"2021-01-08T15:03:38","slug":"bitcoin-digital-wallets-ai-and-the-cloud-ceos-of-square-paypal-logiq-and-alibaba-driving-new-revenue-growth-opportunities","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bitcoin-digital-wallets-ai-and-the-cloud-ceos-of-square-paypal-logiq-and-alibaba-driving-new-revenue-growth-opportunities\/","title":{"rendered":"Bitcoin, Digital Wallets, AI and the Cloud: CEOs of Square, PayPal, Logiq, and Alibaba Driving New Revenue Growth Opportunities"},"content":{"rendered":"
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NEW YORK, Jan. 08, 2021 (GLOBE NEWSWIRE) — Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: Square (NYSE:SQ), Logiq, Inc. (OTC: LGIQ), Alibaba Group Holdings (NYSE: BABA) and PayPal (NASDAQ: PYPL).<\/p>\n

Bitcoin and digital currency adoption is being driven by the convergence of AI, Big Data, Smart Phones, and financial innovation – driving massive new growth opportunities in all aspects of financial services. Wall Street Reporter highlights the latest comments from industry thought leaders:<\/p>\n

\n Square (NYSE: SQ) CEO Jack Dorsey: \u201cScaling Business and Consumer Fintech Ecosystems\u201d<\/strong>\n <\/p>\n

\u201c…We have scaled not one but two ecosystems focused on expanding access to financial services for sellers and individuals\u2026Let\u2019s start with Seller. We\u2019re focused on providing sellers with fast and flexible access to their funds, which has proven to be especially important this year. Square Card, our business debit card, which we launched last year, provides sellers with a way to immediately access and spend earned funds without setting up a bank account. Adoption of Square Card has increased each quarter since launch…We also work to provide employees easier access to funds. In the third quarter, we launched two new features for Square Payroll, Instant Payments and On-Demand Pay. Instant Payments allows Square Payroll merchants to pay employees using earned funds next business day with direct deposit or instantly when employees use Cash App. This strengthens the integration between our Seller and Cash App ecosystems, and it was a great example of what we can do when we connect the two ecosystems together\u2026\u201d<\/p>\n

\u201cFor Cash App, we\u2019ve continued to find ways to make financial services more relatable and accessible for individuals. We\u2019ve seen strong adoption across the Cash App ecosystem, including our stock brokerage product, which has seen the fastest adoption of any product to-date. Since launching it less than a year ago, more than 2.5 million customers have bought stocks using Cash App and billions of dollars have been traded by the end of the third quarter…This quarter we launched Auto-Invest, which allows for dollar-cost averaging from recurring daily or weekly purchase of Bitcoin or stocks.\u201d<\/p>\n

\n Square (NYSE:SQ) Q3 2020 Earnings Highlights: <\/strong>
\n
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\n https:\/\/bit.ly\/2UCHP6s<\/u>
\n <\/strong>
\n <\/a>\n <\/p>\n

\n Logiq, Inc. (OTC: LGIQ) President, Brent Suen: \u201cSoutheast Asia Fintech\/Ecomm with 10X Upside Potential\u201d<\/strong>\n <\/p>\n

Logiq, Inc. (OTC: LGIQ), a regular presenter at Wall Street Reporter\u2019s NEXT SUPER STOCK livestream events, is rapidly growing it\u2019s mobile e-commerce, and fintech business in Southeast Asia, with revenues accelerating to a $40 million run-rate.<\/p>\n

In a recent livestream event, LGIQ President Brent Suen discussed the company\u2019s new partnership with Indonesia\u2019s government agency which can potentially offer it\u2019s fintech services to 48 million members. Brent articulated how LGIQ has compelling upside, based on valuation comparables to it\u2019s peers in the e-commerce\/fintech space. While LGIQ trades at about 2X revenues, it\u2019s peers such as SHOP, SE, STNE, and JMIA, are often trading at 20-30X revenues.<\/p>\n

\n Watch (OTC: LGIQ) NEXT SUPER STOCK livestream:<\/strong>
\n
\n
\n https:\/\/bit.ly\/3lYLhnU<\/u>
\n <\/strong>
\n <\/a>\n <\/p>\n

December 18 – LGIQ has begun the next phase of its previously announced mobile micro-lending platform in Indonesia, with a rollout of a new mobile fintech platform for 5 million contract and delivery drivers of Garda Digital Indonesia, a membership organization overseen by Badan Perlayanan Jaminan Sosial Ketenagakerjaan (BPJSTK). BPJSTK manages the pensions and health benefits for these members. The new fintech platform will make microloans available to the members for personal or business use, such as purchasing, configuring or repairing their mobile vehicles.<\/p>\n

November 18 – LGIQ launches a new mobile fintech platform in Indonesia addressing a potential market of 48 million members. LGIQ In an exclusive strategic alliance with Indonesia\u2019s social security program provider, Koperasi Mona Santoso Berjaya (KMSB) will provide micro-lending services to Badan Perlayanan Jaminan Sosial Ketenagakerjaan (BPJSTK), Indonesia\u2019s social security agency that administers retirement and pension plans on behalf of Indonesian government entities and about 600,000 small- and medium-sized businesses (SMBs), with a combined total of 48 million individual members.<\/p>\n

\u201cThrough this exclusive strategic alliance with KMSB, we have a tremendous opportunity to improve the lives of nearly 20% of the Indonesian population who normally do not have access to traditional financial services,\u201d stated LGIQ president, Brent Suen. \u201cThe opportunities for new revenue streams from microlending, mobile payments, and our eCommerce solutions with this enormous user base are also phenomenal, potentially generating tens of millions of dollars of revenue annually.\u201d<\/p>\n

\n Watch (OTC: LGIQ) NEXT SUPER STOC livestream: <\/strong>
\n
\n
\n https:\/\/bit.ly\/3lYLhnU<\/u>
\n <\/strong>
\n <\/a>\n <\/p>\n

\n Alibaba Group Holdings (NYSE: BABA) Daniel Zhang CEO: \u201cBig Growth Opportunities in Cloud and Southeast Asia\u201d<\/strong>\n <\/p>\n

In the latest earnings call, Alibaba CEO Daniel Zhang highlighted Alibaba Cloud and expansion in Southeast Asia as important new growth areas:<\/p>\n

Cloud Opportunities: \u201c…The pandemic is accelerating demand for cloud infrastructure and services. According to IDC’s latest report, Alibaba Cloud maintained its position as the largest public cloud service provider in China, which is a testament to Alibaba Cloud’s strengthening market leadership. In the June quarter, our cloud computing revenue grew 59% year-over-year in sectors such as Internet, financial services, consumer retail and public services. Alibaba Cloud not only provides infrastructure as a service but also develops industry-specific technology and business solutions to address real-world application requirements for our customers…the China cloud market is going to be somewhere in the $15 billion to $20 billion total size range, and the U.S. market is about 8x that. So the China market is still at a very early stage…\u201d<\/p>\n

Southeast Asia Strategic Growth Priority: \u201c…Southeast Asia market is our strategic priority for Alibaba’s globalization strategy…The pandemic has significant impact on many Southeast Asian countries, and it has converted many consumers into online shoppers. We believe the increasing adoption of online shopping is beneficial for healthy growth of the region’s e-commerce industry over the long term… And I think when we look at our Lazada’s operation, we expect to build a more tech-driven, AI-driven sustainable business. Actually, today, in this market, the competition is very extensive, and the people invest and even certifies the buyers, sellers, even shipping fees and trying to get the short-term growth. But we strongly believe we need to build a long-term, sustainable business and so our advantage is, first is about Alibaba technology infrastructure and especially our experience and know-how and technologies in the AI and in the search and recommendation and the supply and demand match mechanism\u2026\u201d<\/p>\n

\n Alibaba (NYSE: BABA) Q1 2021 Earnings Call Highlights: <\/strong>
\n
\n
\n https:\/\/bit.ly\/3dZ8vXT<\/u>
\n <\/strong>
\n <\/a>\n <\/p>\n

\n PayPal Holdings (NASDAQ: PYPL) CEO Dan Schulman: <\/strong>
\n \u201cRise of Digital Wallets Will Drive PayPal\u2019s Growth\u201d<\/strong>\n <\/p>\n

\u201c…The digitization of the global economy combined with the rise of digital wallets will drive our growth over the next decade. Our scale, two-sided network, trusted brand, our strong relationships with the regulators around the world, and our AI and data modeling capabilities can all be leveraged to ensure our PayPal and Venmo apps are essential parts of our customers\u2019 daily lives…This is beginning to play out in our strong Q3 results. In Q3, our total payment volume grew by a record 36% on an FX neutral basis to $247 billion in annual run rate, just shy of $1 trillion.<\/p>\n

\u201cOver the next year, both the Venmo and PayPal apps will undergo a fundamental transformation intended to dramatically increase their functionality and drive engagement…This expanded suite of services will include enhanced direct deposit and check cashing, budget and savings tools, bill pay, investment alternatives, including crypto, subscription management, buy now, pay later optionality and all of Honey\u2019s shopping tools from wish list, price monitoring, deals, coupons, and rewards…We recently announced that PayPal will allow account holders to buy, sell and hold cryptocurrencies first, in the U.S. and then expanding to international markets in the Venmo platform in the first half of next year…We will rapidly move at the beginning of next year and allow consumers to use cryptocurrencies as a funding instrument to shop across all 28 million of our merchants. This solution will not involve any additional integrations, volatility risk or incremental transaction fees for either consumers or merchants and will fundamentally bolster the utility of cryptocurrencies\u2026\u201d<\/p>\n

\n PayPal Holdings, Inc. (NASDAQ:PYPL) Q3 2020 Earnings Highlights: <\/strong>
\n
\n
\n https:\/\/bit.ly\/3fsidCx<\/u>
\n <\/strong>
\n <\/a>\n <\/p>\n

\n WALL STREET REPORTER<\/strong>\n <\/p>\n

Wall Street Reporter (Est. 1843) is the leading financial news provider, focused on giving investors direct access to CEO’s of promising, publicly-traded companies, and market experts. www.WallStreetReporter.com<\/u><\/a><\/p>\n

\n About Wall Street Reporter\u2019s Next Super Stock conference:<\/strong>\n <\/p>\n

Wall Street Reporter’s NEXT SUPER STOCK Live! conference is dedicated to featuring select companies that have near-term catalysts in place which can drive transformational growth (and stock appreciation) in the months ahead. Click here to join next livestream event: https:\/\/www.wallstreetreporter.com\/next-superstock-online-investor-conference\/<\/u><\/a><\/p>\n

CONTACT:<\/p>\n

WALL STREET REPORTER<\/p>\n

(212) 871-2057 ext 7<\/p>\n

\n
\n www.WallStreetReporter.com<\/a>
\n <\/u>\n <\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, Jan. 08, 2021 (GLOBE NEWSWIRE) — Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: Square (NYSE:SQ), Logiq, Inc. (OTC: LGIQ), Alibaba Group Holdings (NYSE: BABA) and PayPal (NASDAQ: PYPL). Bitcoin and digital currency adoption is being driven by the convergence of AI, Big Data, Smart Phones, and financial innovation – driving massive new growth opportunities in all aspects of financial services. Wall Street Reporter highlights the latest comments from industry thought leaders: Square (NYSE: SQ) CEO Jack Dorsey: \u201cScaling Business and Consumer Fintech Ecosystems\u201d \u201c…We have scaled not one but two ecosystems focused on expanding access to financial services for sellers and individuals\u2026Let\u2019s … <\/p>\n

Continue reading “Bitcoin, Digital Wallets, AI and the Cloud: CEOs of Square, PayPal, Logiq, and Alibaba Driving New Revenue Growth Opportunities”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-411190","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBitcoin, Digital Wallets, AI and the Cloud: CEOs of Square, PayPal, Logiq, and Alibaba Driving New Revenue Growth Opportunities - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bitcoin-digital-wallets-ai-and-the-cloud-ceos-of-square-paypal-logiq-and-alibaba-driving-new-revenue-growth-opportunities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin, Digital Wallets, AI and the Cloud: CEOs of Square, PayPal, Logiq, and Alibaba Driving New Revenue Growth Opportunities - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Jan. 08, 2021 (GLOBE NEWSWIRE) — Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: Square (NYSE:SQ), Logiq, Inc. (OTC: LGIQ), Alibaba Group Holdings (NYSE: BABA) and PayPal (NASDAQ: PYPL). Bitcoin and digital currency adoption is being driven by the convergence of AI, Big Data, Smart Phones, and financial innovation – driving massive new growth opportunities in all aspects of financial services. 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(OTC: LGIQ), Alibaba Group Holdings (NYSE: BABA) and PayPal (NASDAQ: PYPL). Bitcoin and digital currency adoption is being driven by the convergence of AI, Big Data, Smart Phones, and financial innovation – driving massive new growth opportunities in all aspects of financial services. Wall Street Reporter highlights the latest comments from industry thought leaders: Square (NYSE: SQ) CEO Jack Dorsey: \u201cScaling Business and Consumer Fintech Ecosystems\u201d \u201c…We have scaled not one but two ecosystems focused on expanding access to financial services for sellers and individuals\u2026Let\u2019s … Continue reading \"Bitcoin, Digital Wallets, AI and the Cloud: CEOs of Square, PayPal, Logiq, and Alibaba Driving New Revenue Growth Opportunities\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/bitcoin-digital-wallets-ai-and-the-cloud-ceos-of-square-paypal-logiq-and-alibaba-driving-new-revenue-growth-opportunities\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-08T15:03:38+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMjgyMiMzOTEwNTcyIzIxNzgyNDE=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bitcoin-digital-wallets-ai-and-the-cloud-ceos-of-square-paypal-logiq-and-alibaba-driving-new-revenue-growth-opportunities\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bitcoin-digital-wallets-ai-and-the-cloud-ceos-of-square-paypal-logiq-and-alibaba-driving-new-revenue-growth-opportunities\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Bitcoin, Digital Wallets, AI and the Cloud: CEOs of Square, PayPal, Logiq, and Alibaba Driving New Revenue Growth Opportunities","datePublished":"2021-01-08T15:03:38+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bitcoin-digital-wallets-ai-and-the-cloud-ceos-of-square-paypal-logiq-and-alibaba-driving-new-revenue-growth-opportunities\/"},"wordCount":1481,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bitcoin-digital-wallets-ai-and-the-cloud-ceos-of-square-paypal-logiq-and-alibaba-driving-new-revenue-growth-opportunities\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMjgyMiMzOTEwNTcyIzIxNzgyNDE=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bitcoin-digital-wallets-ai-and-the-cloud-ceos-of-square-paypal-logiq-and-alibaba-driving-new-revenue-growth-opportunities\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/bitcoin-digital-wallets-ai-and-the-cloud-ceos-of-square-paypal-logiq-and-alibaba-driving-new-revenue-growth-opportunities\/","name":"Bitcoin, Digital Wallets, AI and the Cloud: CEOs of Square, PayPal, Logiq, and Alibaba Driving New Revenue Growth Opportunities - 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