5 Best Digital Currency and Payments Stocks to Buy Now

In this piece, we will take a look at the five best digital currency and payments stocks to buy now. For more stocks, head on over to 12 Best Digital Currency and Payments Stocks to Buy Now.

5. Block, Inc. (NYSE:SQ)

Number of Hedge Fund Investors in Q4 2022: 70

Block, Inc. (NYSE:SQ) is a financial technology company that enables merchants to accept payments and users to use its application to pay for goods and services. It provides a point of sale platform and technology to turn tablets into payment terminals.

70 of the 943 hedge funds surveyed by Insider Monkey had bought a stake in Block, Inc. (NYSE:SQ) during last year’s fourth quarter. The firm’s largest investor is Ken Fisher’s Fisher Asset Management which owns 11 million shares that are worth $713 million.

4. American Express Company (NYSE:AXP)

Number of Hedge Fund Investors in Q4 2022: 71

American Express Company (NYSE:AXP) is an American firm that offers its own plastic credit cards and allows users to link them up with Android to make digital payments. It is one of the oldest companies on our list since it was set up in 1850.

Insider Monkey took a look at 943 hedge fund portfolios for their Q4 2022 investments and found out that 71 had bought the company’s shares. Out of these, American Express Company (NYSE:AXP)’s largest investor is Warren Buffett’s Berkshire Hathaway which owns 151 million shares that are worth $22 billion.

3. PayPal Holdings, Inc. (NASDAQ:PYPL)

Number of Hedge Fund Investors in Q4 2022: 115

PayPal Holdings, Inc. (NASDAQ:PYPL) is one of the pioneering movers in the digital payments industry, as it was set up at a time when the industry was in its infancy. It allows users to send money to each other and buy products from merchants. The firm also has a buy now pay later platform.

By the end of 2022’s final quarter, 115 of the 943 hedge funds surveyed by Insider Monkey had invested in PayPal Holdings, Inc. (NASDAQ:PYPL). Ken Fisher’s Fisher Asset Management is the firm’s largest hedge fund investor since it owns 13.5 million shares that are worth $968 million.

2. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Investors in Q4 2022: 139

Mastercard Incorporated (NYSE:MA) is a payments platform provider that enables retailers to accept digital payments and users to pay for goods and services both through point of sale systems and over the Internet.

Insider Monkey’s Q4 2022 survey covering 943 hedge fund portfolios outlined that 139 had owned a stake in the company. Mastercard Incorporated (NYSE:MA)’s largest shareholder in our database is Charles Akre’s Akre Capital Management which owns 5.8 million shares that are worth $2 billion.

1. Visa Inc. (NYSE:V)

Number of Hedge Fund Investors in Q4 2022: 177

Visa Inc. (NYSE:V) is another payments platform provider which enables digital payments through its platform. It is based in San Francisco, California.

By the end of last year’s fourth quarter, 177 of the 943 hedge funds surveyed by Insider Monkey had invested in Visa Inc. (NYSE:V). The company’s largest hedge fund shareholder is Chris Hohn’s TCI Fund Management which owns 19.3 million shares that are worth $4 billion.

Disclosure: None. The author received no additional compensation for this piece except for what is typically made by Insider Monkey. You can also take a look at 15 Most Promising Stocks to Buy According to Analysts and 13 Best Asian Stocks To Buy Today.

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