PayPal to open up network to cryptocurrencies

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Square (SQ) Set to Open Lower, Down 2.4%

October 21, 2020 8:41 AM EDT

Square (NYSE: SQ) was set to open lower Wednesday, falling 2.4% pre-open.

The reason for the decline wasn't clear but could be tied to news that rival PayPal (NASDAQ: PYPL) will allow customers to buy, sell and hold bitcoin and other virtual coins.

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