Square is beating Coinbase on low-value bitcoin purchase fees, but that’s not its only bright spot

Square, the payment processor unicorn led by bitcoin believer Jack Dorsey, reported yet another record-breaking quarter of bitcoin purchase volumes ($148 million) within Cash App.  According to analysis by The Block, while bitcoin volumes still pale in comparison to larger U.S. retail crypto exchanges, the surge in bitcoin demand at Square (18% Q/Q) grew at […]
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Nov 7, 2019, 12:07AM UTC

Cash App adds stock trading

Cash App, the bitcoin-friendly payments app from Square, has officially announced stock trading support. With Cash App, users can purchase fractional shares of publicly traded companies with as little as one dollar. “You don’t need to buy an entire share to make your first investment,” Cash App noted from its official Twitter account. The firm […]
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Oct 24, 2019, 4:44PM UTC

Cash App is adding support for bitcoin deposits

Square’s Cash App is launching bitcoin deposits, CoinDesk writes. The app might have started rolling out the feature prior to full launch as deposits are not yet available for all Cash App users. Cash App users can purchase and sell bitcoin; they can also make cryptocurrency transfers to other wallets. According to Cash App’s website, […]
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Jun 26, 2019, 2:55PM UTC

Square has been handling credit card transactions for CBD startups

Square, the California-based payments firm, has found its way to the nascent CBD market, handling credit card transactions for a number of startups in the space, Business Insider reported.  The market around CBD, an oil derived from cannabis with soothing properties, is exploding, but firms in the space have struggled to establish relationships with payment […]
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May 23, 2019, 4:01PM UTC

Jack Dorsey says Square open to making bitcoin investments

Square CEO Jack Dorsey caused quite a stir on Twitter Wednesday evening, declaring that “Square is hiring 3-4 crypto engineers and 1 designer to work full-time on open source contributions to the bitcoin/crypto ecosystem.” Dorsey has recently become a hero to many Bitcoin fans due to his participation in the Lightning Network Torch passing and […]
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Mar 21, 2019, 11:35AM UTC

No cash? No problem. Local and state governments pass bans on cashless stores

An increasing number of stores nationwide have recently turned “cashless,” refusing to accept Washingtons, Lincolns, Jacksons and Benjamins. At some of these stores, such as Sweetgreen, customers are expected to download the company’s mobile app and pay via a QR code. At the majority of stores, customers are expected to swipe their credit or debit […]
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Mar 9, 2019, 4:21PM UTC

Square sold more than $166M worth of bitcoin in 2018

Square, the payments unicorn led by bitcoin believer Jack Dorsey, reported earnings for the fourth quarter Wednesday evening that beat analyst estimates but fell short on guidance.  At last check shares were down 6 percent at $74 per share in after-hours trading. Last year, the firm enabled bitcoin buys and sells on its Cash App […]
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Feb 27, 2019, 11:20PM UTC

Jack Dorsey: Cash App Lightning Network integration not an 'if' but a 'when'

Following his participation in the Lightning Network Torch game, Jack Dorsey, CEO of Twitter and Square, went on the Stephan Livera podcast with Lighting Labs CEO Elizabeth Stark, to discuss Bitcoin, the Lightning Network, and the Cash App. When asked why he decided to focus on Bitcoin instead on other alternative cryptocurrencies, Dorsey said that “it’s […]
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Feb 11, 2019, 8:52PM UTC

Acorns raises $105 million Series E, valuation tops $860 million

The fintech startup Acorns is now valued at $860 million, CNBC reports. In the latest funding round, led by NBCUniversal and Comcast Ventures, the company got $105 million in funding. This millennial-oriented app enables smart investments by automatically investing small change left over from credit and debit card payments. It also offers education on fiscal matters. […]
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Jan 29, 2019, 6:00PM UTC

Square's Q3 Bitcoin revenue increased by $6 million

Square reported Q3 2018 earnings on November 8, and the company’s Bitcoin sales continued to increase. During the quarter, Square generated $43 million in revenue from Bitcoin and a profit of $500,000. Square now allows customers in all 50 states to buy and sell Bitcoin via the company’s Cash App. The revenue figure represented nearly […]
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Nov 8, 2018, 12:41PM UTC

Square open sources its bitcoin cold storage solution

The mobile payments company announced that the documentation, code, and tools for its “Subzero” Bitcoin cold storage solution now available via its GitHub. Users of Square’s Cash App can buy, sell, and withdraw bitcoins from their accounts. Square leverages Subzero to store the bitcoins that it manages. One of Subzero’s unique features is a customized implementation […]
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Oct 23, 2018, 1:19PM UTC