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 processed $148 million in bitcoin sales in the third quarter of 2019.
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's newly awarded patent enables seamless transactions between a number of potential asset types including crypto.
As crypto becomes more widely used, Square will transition to providing a broader range of “internet services” rather than just fintech, Jack Dorsey predicted.
Square Crypto just hired one of the world’s most prolific bitcoin developers.