What happened 2020 was a great year for Square's (NYSE: SQ) investors. The digital payments and financial services leader delivered gains of nearly 250% last year, according to data from S&P Global Market Intelligence. Better still, Square's shareholders could be in store for even more gains in the year ahead. Here's why. So what COVID-19 is accelerating the shift away from cash and toward digital forms of payment. Square is helping to enable this trend. The fintech company's payment-processing services allow merchants to quickly and easily accept credit and debit card transactions, while its popular Cash App lets people digitally send and receive money. Square and its shareholders are benefiting as money becomes increasingly digitized. Image source: Getty Images. All told, Square's gross profit soared 59% year over year to $794 million in the third quarter. Meanwhile, its adjusted earnings before interest taxes, depreciation, and amortization (EBITDA) rose 38%, to $181 million. Now what Square is helping merchants adapt to an increasingly online world. New offerings such as website development tools and other e-commerce solutions are giving its customers what they need to survive and thrive during the pandemic. And as they grow their businesses in the coming years, Square's profits should grow right alongside them. 10 stocks we like better than SquareWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Square wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Square. The Motley Fool has a disclosure policy.Source