Here's Why PayPal and Square Are Falling on Tuesday

Fintech stocks aren't immune to the pain either, as fintech giants PayPal Holdings (NASDAQ: PYPL) and Square (NYSE: SQ) are down by 5% and 8%, respectively, as of 10 a.m. EST on Tuesday morning. Second, both PayPal and Square are heavily involved in the cryptocurrency world, specifically Bitcoin (CRYPTO: BTC). Both platforms allow users to buy and sell Bitcoin, PayPal is planning to roll out the ability to pay for purchases with Bitcoin at its millions of merchants, and Square has purchased Bitcoin with some of the cash on its balance sheet.