Cryptocurrency Innovators Invest in New Card Solutions, With Marqeta’s Modern Card Issuing Platform Powering Growth of New Category
Marqeta, Inc. - Class A (MQ)
Company Research
Source: Business Wire
Category leaders Coinbase, Fold, Shakepay and Bakkt have all leveraged Marqeta to build cutting edge card solutions that drive new engagement through crypto spend and rewards cards. OAKLAND, Calif.--(BUSINESS WIRE)--Marqeta (NASDAQ: MQ), the global modern card issuing platform, announced today that it is powering cryptocurrency spending and rewards products for Coinbase, Fold, Shakepay and Bakkt, with the company seeing rising interest in new card products in this rapidly evolving category.Use of cryptocurrencies has grown considerably in the United States, with data from the Gemini Exchange estimating that 14% of the US currently owns some form of crypto. As a category leader in modern card issuing, Marqeta has opened up new applications of its platform, to allow cryptocurrency to be spent at the point of sale, or allow consumers to earn rewards in cryptocurrency from debit and credit card spending. According to research from Cornerstone Advisors, 68% of cryptocurrency owners are
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News
- Finance and HR Software Q4 Earnings: Marqeta (NASDAQ:MQ) Simply the Best [Yahoo! Finance]Yahoo! Finance
- Should you replace your bank account with PayPal? [Yahoo! Finance]Yahoo! Finance
- Marqeta: Still Positive On Growth Reaccelerating Back To A Healthy Pace [Seeking Alpha]Seeking Alpha
- Q4 Earnings Highs And Lows: Workday (NASDAQ:WDAY) Vs The Rest Of The Finance and HR Software Stocks [Yahoo! Finance]Yahoo! Finance
- Marqeta, Inc. (NASDAQ: MQ) is now covered by analysts at Monness Crespi & Hardt. They set a "buy" rating and a $7.50 price target on the stock.MarketBeat
MQ
Earnings
- 2/28/24 - Beat
MQ
Sec Filings
- 3/26/24 - Form 8-K
- 3/19/24 - Form 4
- 3/19/24 - Form 4
- MQ's page on the SEC website