#Square News

The Bitcoin Fever is Taking Square's Stocks to the Moon

Square Crypto Adds Ex-Google Director to its Team

June 13, 2019 by Ogwu Osaemezu Emmanuel at Business

Square Inc., a San Francisco-based fintech firm led by Twitter founder Jack Dorsey, has announced via Twitter on June 12, 2019, the addition of Steve Lee, a former director at Google, to Square Crypto, the firm’s cryptocurrency project aimed at improving the Bitcoin ecosystem and fostering widespread adoption. Square Crypto...

Bitcoin with its foot on Paypal, leaning back with more crypto behind it

PayPal May Be Opening Up to Digital Currency

May 13, 2019 by Ashwath Balakrishnan at Adoption, Bitcoin, Blockchain, News

PayPal’s ambivalent stance over the digital currency might be changing as CFO John Rainey has stated that the payment processor has created teams to study both blockchain and cryptocurrency, as reported by Forbes on May 10, 2019. PayPal previously allowed merchants to receive payments in Bitcoin but removed functionality after...

Square’s Stock Tanks after Lackluster Q1 Results

May 3, 2019 by Ashwath Balakrishnan at Bitcoin, Business, Finance, News

Despite a 43 percent year-on-year growth in net revenues, Square has declared a loss per share of 9 cents in a letter to shareholders. Wall Street was expecting the loss making company to finally declare an earnings call in the green, evidently, the market punished Square for hitting below expectations....

Square Open Sources Subzero, an Enterprise Offline Bitcoin Wallet

November 2, 2018 by Cindy Huynh at Bitcoin, Finance, News, Platform, wallet

Square, a financial services and mobile payment company, has open sourced the documentation, code, and tools for Subzero, an enterprise offline Bitcoin Wallet. According to Square’s blog published on October 23, 2018, Square recognized the importance of not only developing a safe and secure storage option for Bitcoin but the...

Square Becomes the Seventh Cryptocurrency Business to Receive BitLicense

June 21, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Business, Finance, News, Regulation

While many have criticized the New York authorities over the draconian nature of their BitLicense regulation, it appears the NYDFS has seen reasons to soften its requirements a bit to make it easier for more companies to receive the permit. Now, creators of the Square bitcoin app have been granted...

Square’s Experiment with Bitcoin Could Net them $30 Million

Twitter CEO Jack’s FinTech App Square is Surpassing Competitors like Venmo With Bitcoin

May 19, 2018 by Joseph Young at Bitcoin, Business, Finance, News

Square, the FinTech application developed by Twitter CEO Jack Dorsey, has surpassed the growth rate of its competitors like PayPal’s Venmo that have dominated the financial technology sector over past few years. Square’s Market Cap Rises $8 Billion On May 4, BTCManager reported that investors were initially not satisfied with...

Investors Unhappy with Square’s Meagre $200,000 Revenue from Bitcoin Trading

May 4, 2018 by Rahul Nambiampurath at Bitcoin, Business, Finance, News

Digital payments processing company Square announced that it sold total bitcoin worth $34.1 million in the first quarter of 2018. The announcement was made May 3, 2018, by the company during the filing of its quarterly results, as is mandatory by the Securities and Exchange Commission (SEC). Disappointing Numbers Analysts,...

Twitter CEO Jack Dorsey Just Made a Bold Prediction about Bitcoin’s Future

March 22, 2018 by Priyeshu Garg at Bitcoin, Commentary, Finance, News

Give it another ten years and bitcoin will emerge the single currency of the internet, as opposed to more than 1,000 different digital tokens circulating today. As for fiat-equivalence, the most widely used cryptocurrency in the world could even overtake the U.S. dollar in importance. Skeptical as you probably are...

Over 50 Percent of Square Merchants Ready to Accept Bitcoin, Survey Shows

March 15, 2018 by Priyeshu Garg at Bitcoin, Finance, News

In a census of 100 U.S. retailers that are also Square clients, over half have said that they would accept bitcoin as payment. Square is a payment processing provider with a large, nuanced offering for point of sale. Dan Dolev, an analyst at Nomura Instinet, said, “This result is surprising,...

The Bitcoin Fever is Taking Square’s Stocks to the Moon

March 13, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Business, Finance, News

The world's number one cryptocurrency bitcoin certainly has the multiplier effect on any industry. Since its emergence almost a decade ago, it has stolen the hearts of many. Square is the latest firm to benefit from the crypto craze. Square’s Soaring Shares Square, the overtly bank-like tech company who are...