Cathie Wood’s Ark Invest dumps PayPal, favoring Bitcoin-friendly Cash App
Wood believes that Venmo is merely a follower of Cash App, which has generated more than double Venmo’s revenue from almost half the number of users.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Wood believes that Venmo is merely a follower of Cash App, which has generated more than double Venmo’s revenue from almost half the number of users.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
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