Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi MM team!
What are your thoughts on Z1P's plan to include cryptocurrency trading and payments on its platform? Great idea for its customer base? Or worry (as I do) that they may be trying to do too much?
Nathan
Hi Nathan,
Z1P’s move here is all about becoming a digital wallet of the future – they are attempting to be innovative like basically all of the BNPL space, and I think this makes sense if we look out into the future of what payments & currency will look like. That said, the main driver at the moment is customer growth and that’s where investors focus remains. The market is not yet convinced and a concern is the share price continues to ignore solid corporate performance implying the market’s still too long. MM is long and watching carefully.
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