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Square pulled in $37 million in revenue from Bitcoin, but spent $36.6 million to offer it on their Cash App, leading to a tight profit of $420,000. Although profitable, Square isn’t expecting cryptocurrency to drive major profits anytime soon. Square initially added Bitcoin trading to the Cash App...
Jack Dorsey has some very interesting opinions when it comes to Bitcoin. He thinks it will become the world’s single currency in ten years from now. However, his companies have always been adverse to Bitcoin and other cryptocurrencies. That recently came to change when Square integrated Bitcoin support....
The CEO of payments company Square has said that he wants his firm to help Bitcoin become a global payment choice. Dorsey: ‘We Could be in Every App Store Instead of Five’ Jack Dorsey, the founder and CEO of Square and the co-founder and CEO of social media...
Twitter and Square CEO, Jack Dorsey, makes no secret of his love for Bitcoin. The tech entrepreneur has recently launched Bitcoin buying and selling options on his company’s “Cash” application, invested personal money in the development of the Lightning Network, and now claims that one day in the...
The team behind the Lightning Network have made an exciting announcement today. Lightning Labs have released a beta version of the software that is ready for use on the Bitcoin main network. Is Lightning Network the End of the Scaling Debate? The Lightning Network is a technology that...
Some users of the Square Cash app were surprised this morning to discover that they could now buy and sell Bitcoin using the platform. For those unfamiliar with it, the app can be used to send payments between friends and family. They offer free, instant transactions in dollars,...
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