Why is the Zip share price rocketing 7% today?
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The Zip Co Ltd (ASX: ZIP) share price has jumped 7.3% to $3.02 today, likely due to some positive news out of the United States. One expert is particularly excited by what this means for the buy now, pay later (BNPL) business.
Zip has two main markets – the US and Australia/New Zealand. While Zip may have built its business and reputation in Australia, the company’s biggest growth avenue is the US, which has well over ten times the population of Australia.
Positive developments in the US could be good news for the company in the foreseeable future.
Let’s look at what happened across the Pacific.
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