Auto Added by WPeMatico

Block Unveils Bitcoin Conversion Feature for Square Merchants 

On Wednesday, Block, the financial services firm, disclosed that merchants using Square can convert their daily sales into bitcoin through the Cash App. Block’s founder, Jack Dorsey, revealed this update…

Continue ReadingBlock Unveils Bitcoin Conversion Feature for Square Merchants 

Cash App’s Bitcoin Revenue Grew 119% in 2021, Gross Profit From BTC Rose 124%

Popular mobile payment platform Cash App, developed by Jack Dorsey’s Block Inc., generated $10 billion in bitcoin revenue and $218 million in bitcoin gross profit in 2021. Compared to the…

Continue ReadingCash App’s Bitcoin Revenue Grew 119% in 2021, Gross Profit From BTC Rose 124%

Square Unveils Plans to Help Bitcoin Become the Native Currency for the Internet

Square Inc. has affirmed that its focus is on helping bitcoin become the native currency for the internet. CEO Jack Dorsey explained, “We have a number of initiatives toward that…

Continue ReadingSquare Unveils Plans to Help Bitcoin Become the Native Currency for the Internet

Square’s Cash App Generates $1.8 Billion in Bitcoin Revenue, BTC Profit up 29% in Q3

Square Inc. has reported bitcoin revenue of $1.82 billion in the third quarter, an 11% increase from the same period last year. Its bitcoin gross profit was $42 million during…

Continue ReadingSquare’s Cash App Generates $1.8 Billion in Bitcoin Revenue, BTC Profit up 29% in Q3