Tag: Square

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 BitLicense  – making it the seventh company to receive the…

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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 Square’s $200,000 revenue from its bitcoin venture, considering that the…

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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, however, are far from happy with Square’s performance. Square, founded…

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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 about the predictions above like many of us, they are…

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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, especially amid bitcoin’s elevated volatility.” The results of the survey…

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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 the developers of Square Cash app announced in November 2017…

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