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Blockchain stocks allow investors to profit from various industries that use blockchain data storage technology. Some of the biggest industries adopting blockchain technology on a large scale include cryptocurrencies and online banking, as blockchain technology provides additional security due to its anonymity.
Many stocks in these industries are expected to have great success with the adoption of blockchain technology, which is gaining popularity this year. These three stocks have shown a dedication to riding this wave, and investors should consider their prospects.
Let’s take a look at three stocks that are leveraging blockchain technology in their platforms and solutions and are expected to see significant growth this year.
New Holdings (NU)
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The introduction of cryptocurrencies in Latin America is a highly anticipated part of the future and a big bet for crypto believers. New Holdings (New York Stock Exchange:Nuu) are in the best position to take full advantage of this transition.
Nu Holdings is a 100% online banking solution and is therefore a major user of blockchain technology. Last year, NU partnered with enterprise platform Fireblocks to improve security and asset management. The digital infrastructure provided by Fireblocks will significantly strengthen New Holding’s reach in the Brazilian cryptocurrency market.
NU continues to rapidly expand its customer base with these blockchain implementations. Last year, the company added about 20 million customers to 93.9 million, almost double the number from two years ago.
Nu Holding is completely online, which means operating costs are significantly lower. It also avoids other problems that brick-and-mortar banks can face. Revenue and customer engagement rates continue to increase. Therefore, investors should buy NU to benefit from the expansion of blockchain and cryptocurrencies in Latin America.
MasterCard (MA)
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master Card (New York Stock Exchange:Ma) is one of the most widespread payment processing stocks and has experienced significant growth in recent years. However, Mastercard has recently been making a name for itself in the blockchain world through partnerships with major blockchain providers.
Mastercard has partnered with blockchain companies including Polygon, Solana, Ava Labs, and Aptos Labs to release Cryptocredentials. With the help of secure technology provided by Mastercard’s new partners, the company aims to improve security standards and customer trust in cryptocurrencies on its platform.
Additionally, MA launched a multi-token network last year to take the lead in blockchain and cryptocurrency solutions. The company’s project is to respond to consumer interest in diverse and secure payment options.
Investors can look forward to Mastercard’s future in blockchain and digital assets with steady year-over-year growth (YoY comparison) Earnings and EPS growth delivers safe and consistent returns.
Block (SQ)
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block (New York Stock Exchange:square) (formerly known as Square) is a 100% digital payments platform for businesses. CEO Jack Dorsey changed the company’s name to show its commitment to blockchain technology. In fact, Block has always been working on cryptography. The company offers cryptocurrency payment options on platforms such as his CashApp.
Despite investing in Bitcoin and blockchain technology, Block came to a grim end in 2023. The company hit rock bottom in November, but has since shown promising signs of returning to fame. SQ reported optimistic numbers in its fourth quarter report, including gross profit of $2.03 billion and a hopeful outlook for the year.
The stock price is above the profit line and it will definitely be at the forefront of blockchain adoption into mainstream payment platforms. Block also owns a large stake in Bitcoin, making it one of the first companies to benefit from the increasing use of the cryptocurrency.
With the value discounted, now is a great time to buy blocks and hold them until they grow.
On the date of publication, Joel Lim did not have (directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author and are subject to InvestorPlace.com Publishing Guidelines.
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