Square's Cash App has started charging fees of as much as 1.76 percent on bitcoin purchases, sources have pointed out to CoinDesk.
Square Crypto just hired one of the world’s most prolific bitcoin developers.
Square sold $125 million in bitcoin through its Cash App in the second quarter of 2019, a new record for the payments company.
In a Twitter AMA on Monday, Square Crypto made it clear that its focus is on building for bitcoin, not for Cash App.
Square is rolling out bitcoin deposits for its Cash App, supplementing the buy, sell and transfer options.
The new mainstream-friendly mobile wallet from Lightning Labs saw 2,000 downloads on Day 1. Next up for the company: merchant services.
Square has hired former Google director and Bitcoin Optech contributor Steve Lee as the first member of its new crypto team.
A quarterly earnings report from Square shows the payments firm seeing strong growth in bitcoin sales.
Payments startup Square wants to bring on crypto-focused engineers and designers, and may pay them in bitcoin.
Mobile payments firm Square has reported its revenue and profits from bitcoin sales in 2018.