Financials Nov 26, 2020 07:52 AM (GMT+8) · EqualOcean
Square will buy credit karma's tax business for $50 million in cash and add it to its app. The tax service can provide free self-service tax return service for consumers. The tax product will expand the square app's financial instrument ecosystem, which already includes peer-to-peer payments, cash bank cards, direct deposits, and some investments in traditional stocks and bitcoin. The deal is expected to be completed by the end of 2020.