Square Crypto Lead: ‘The Product We’re Focusing on Is Bitcoin’
In a Twitter AMA on Monday, Square Crypto made it clear that its focus is on building for bitcoin, not for Cash App.
Financial advisor and crypto advocate Tyrone Ross joins for hot takes on financial advisors, DeFi and the most important company in crypto.
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 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.
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.