Bitcoin-Friendly Square Cash is Now More Popular Than Venmo

Data from app research firm Sensor Tower and Nomura Instinet have revealed that cumulative downloads of Square’s Cash App have surpassed that of its rival, Paypal’s Venmo, per a Bloomberg report. Square’s Cash App now has a cumulative total download of 33.5 million, which exceeds Venmo’s 32.9 million for the first time, after a successful

The post Bitcoin-Friendly Square Cash is Now More Popular Than Venmo appeared first on CCN

Square Cash Opens Bitcoin Buying and Selling in All 50 States

Less than two weeks after sharing Square’s cryptocurrency profits had doubled in the second quarter, the payments company made the long-awaited announcement on Twitter: users can now use Cash App to buy bitcoin in all fifty states. Red, white, and bitcoin. Now you can use Cash App to buy bitcoin in all 50 states. pic.twitter.com/D4fhVRz7WL

The post Square Cash Opens Bitcoin Buying and Selling in All 50 States appeared first on CCN

Square Seeing ‘Real Growth’ in Bitcoin User Base: CFO

Square Inc. Chief Financial Officer Sarah Friar has hailed the impact of bitcoin support on the company as it continues to record strong growth driven primarily by its flagship Cash App, also known as Square Cash. “Rarefied Air” In a discussion with Emily Chang on Bloomberg TV, Friar remarked that the company is “super impressed”

The post Square Seeing ‘Real Growth’ in Bitcoin User Base: CFO appeared first on CCN

Bit by Bitcoin: Square’s Cryptocurrency Profits Doubled in Q2

Bitcoin and other cryptocurrencies may have continued to endure a bear market during the second quarter of 2018, but that did not stop digital payments firm Square from recording a 100 percent increase in BTC profit over Q1. Square, which added bitcoin trading to its peer-to-peer payments app toward the end of last year, reported

The post Bit by Bitcoin: Square’s Cryptocurrency Profits Doubled in Q2 appeared first on CCN

Bitcoin-Friendly Square Withdraws Banking Application [For Now]

Bitcoin-friendly digital payments firm Square has withdrawn its application to register as a depository bank. As first reported by financial publication American Banker, Square quietly removed its name from a public list of pending bank applications maintained by the Federal Deposit Insurance Corporation (FDIC), halting — at least temporarily — its bid to become a

The post Bitcoin-Friendly Square Withdraws Banking Application [For Now] appeared first on CCN

Why Tech Darlings Robinhood and Square Don’t Care About Cryptocurrency Profits

Robinhood, a major stock trading app based in the US, whose valuation surged from $1.5 billion to $6 billion after integrating cryptocurrency, said that the company does not expect to generate large profits in the near future, and the company is fine with it. Vlad Tenev, the co-CEO of Robinhood, said that more than 200,000

The post Why Tech Darlings Robinhood and Square Don’t Care About Cryptocurrency Profits appeared first on CCN

Bitcoin-Friendly Square Hits All-Time High Market Cap after Earning Bitlicense

The market valuation of Square, the multi-billion dollar payments company of Twitter CEO Jack Dorsey, surged three percent overnight after the company obtained the BitLicense from the New York Department of Financial Services (NYDFS) to operate as a cryptocurrency platform. BitLicense is Difficult to Obtain New York is considered to have the strictest policies and

The post Bitcoin-Friendly Square Hits All-Time High Market Cap after Earning Bitlicense appeared first on CCN

BitLicense #7: New York Grants Another License to Bitcoin App Square

Days after granting its sixth-ever BitLicense to cryptocurrency wallet Xapo, New York has approved fintech startup Square to operate in the state, enabling its users buy and sell bitcoin. The New York Department of Financial Services (NYDFS) announced on Monday its formal approval of Square’s application for a virtual currency license, also known as ‘BitLicense’.

The post BitLicense #7: New York Grants Another License to Bitcoin App Square appeared first on CCN

I Hope Bitcoin Will Be Internet’s ‘Native Currency’: Twitter CEO Jack Dorsey

Jack Dorsey — CEO of both Twitter and Square — hopes that bitcoin will one day be the internet’s native currency. Dorsey made this statement during an interview with Elizabeth Stark of Lightning Labs at a fireside chat today at the Consensus 2018 conference in New York. Dorsey revealed that grew up in St. Louis, MI

The post I Hope Bitcoin Will Be Internet’s ‘Native Currency’: Twitter CEO Jack Dorsey appeared first on CCN

Here’s How much Revenue Square Earned from Bitcoin Trading in Q1 2018

Digital payments firm Square published its first-quarter earnings report this week, providing insight into how much revenue the company has raised from its recently-launched bitcoin trading platform. The company first rolled out bitcoin trading to a limited number of its Cash App users last year, and in January it unlocked the feature for the remainder

The post Here’s How much Revenue Square Earned from Bitcoin Trading in Q1 2018 appeared first on CCN