Square’s Q2 Bitcoin Revenue Nearly Doubles From Previous Record
Square sold $125 million in bitcoin through its Cash App in the second quarter of 2019, a new record for the payments company.
Square reported bitcoin revenues of $178 million between Nov. 1 and Dec. 31, 2019, with profits of $3 million, up 50 percent over the prior two quarters.
Financial advisor and crypto advocate Tyrone Ross joins for hot takes on financial advisors, DeFi and the most important company in crypto.
Jack Dorsey's mobile payments company Square allows users to set up automatic bitcoin payments.
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.