Square Agrees to Buy Credit Karma’s Tax Preparation Service for $50M
Cash App will make the DIY tax-prep software available for free to its 30 million monthly users.
Previously, Cash App had only allowed clients to get U.S. currency back on transactions.
Square will dedicate $10 million to the development of clean bitcoin mining technologies.
"The burdensome information collection and reporting requirements deprive U.S. companies like Square of the chance to compete on a level playing field," Dorsey said.
U.K.-based bitcoin app Ziglu raised over $8 million in a crowdfunding campaign, the largest equity raise on the Seedrs platform this year.
With bitcoin’s price hitting a new all-time high on Monday, retail investors will inevitably want to get in on the original crypto asset.