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Change from analog to digital transactions has been rapid in the last decade and COVID-19 only accelerated this move.
One company profiting heavily from this transition is Visa (NYSE: V). They already have a massive customer base, which means they will automatically be part of the accelerated growth (and revenue) in the move from cash to digital. And the proof is in the pudding.
In the last 10 years, Visa stock price has increased by a mind-blowing +1000%. In the last 3 years alone, Visa has reported a profit margin of close to 50% which means that for every dollar of sales generated, the company has a net income of $0.50!
Compared to money-making machines like Apple …... Keep reading