Bitcoin and stocks are now on the menu for Cash App users wanting to minimize the “impact of market swings,” the payment network says.
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Bitcoin and stocks are now on the menu for Cash App users wanting to minimize the “impact of market swings,” the payment network says.
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Square’s Cash App reported Wednesday, that bitcoin (BTC) revenue during the first quarter of the year, soared 367% to $306 million from $65 million a year ago. Quarter-on-quarter, the figure is up 71%. The increase is thanks “to growth in the number of active bitcoin customers, as well as growth in customer demand as a […]
The post Square’s Cash App Reports BTC Quarterly Revenue Exceeds Fiat’s, Soaring 367% to $306 Million appeared first on Bitcoin News.
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Square’s Cash App and Grayscale absorbed over half of the Bitcoins mined in the first three months of 2020, according to a May 7 report.
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Square reports that Bitcoin composed the bulk of Cash App’s revenue in the first quarter, though it added much less to profit.
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In this week’s Hodler’s Digest, Libra’s massive U-turn, Bitcoin in danger of a massive correction, and crypto-friendly Square gets green light from U.S. government
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Jack Dorsey’s Square Capital is among the first crypto-friendly firms to officially join the U.S. federal emergency lending program
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Square users can have their stimulus payments diverted to their Cash App accounts
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Jack Dorsey donates $1 billion to global COVID-19 relief — pledges to uproot existential problems facing the world
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The founder of Twitter and Square believes that Cash App can distribute the stimulus to Americans with greater efficiency than the government can
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Square, Inc. is forced to adjust its first-quarter revenue estimates down by $800 million due to the coronavirus crisis, while Bitcoin growth
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