Is bitcoin destined to become the default currency of the Internet? Square's Jack Dorsey hopes so.
Square made $34.1 million in Q1 revenue through bitcoin sales, according to an SEC filing.
Before crowing, crypto fans should remember companies err on the side of caution when deciding what's material enough to include under "risk factors."
Square is in the process of applying for a BitLicense in a bid to expand its Cash App's bitcoin option to New York residents.
In its most recent annual filing, Square explains how uncertainty surrounding accounting guidelines for cryptocurrency may affect its bottom line.
Digital payments company Square has rolled bitcoin payments out to most of its Cash App users.
Starbucks chairman Howard Schultz said the ubiquitous coffee chain sees the blockchain and digital currencies in its future–but not bitcoin.
Some users of Square's Cash App have quietly been given the option to buy or sell bitcoin within their accounts, according to reports.
Jack Dorsey, the CEO of both Twitter and Square, recently said he believes blockchain can be used to solve problems in a range of different areas.