#Square News

Square Cash App Introduces Automatic Recurring Bitcoin Buys

May 19, 2020 by Anthonia Isichei at Bitcoin

Square’s Cash App recently added a new feature that will enable automatic recurring Bitcoin purchases on its platform. Also, users can now change their display to satoshi on the Cash App platform. Stacking Sats Frequently on Cash App The CEO of Twitter and payments platform Square, Jack Dorsey, announced the...

Square Enables Deposit of COVID-19 Stimulus Payment via Bitcoin-Friendly Cash App

April 13, 2020 by Anthonia Isichei at Bitcoin

Square, a mobile payments platform, recently announced the addition of a new feature that would enable users to deposit their COVID-19 stimulus payment to its bitcoin-friendly Cash App. Square's Cash App Now Allows COVID-19 Stimulus Package Deposits According to a blog post, Square’s Cash App announced that users eligible for...

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

Bitcoin-Friendly Square Obtains Conditional FDIC Merchant Lending License

March 19, 2020 by Osato Avan-Nomayo at Regulation

The U.S. Federal Deposit Insurance Corporation (FDIC) has granted conditional approval for Square to function as an Industrial Loan Company (ILC). FDIC Grants Square’s Deposit Insurance Application According to a press release issued on Wednesday (March 18, 2020), the FDIC Board approved Square’s deposit insurance application to create a “de...

Twitter’s Loss Could Be Bitcoin and Square’s Gain

March 6, 2020 by Ashwath Balakrishnan at Bitcoin

Jack Dorsey, CEO of Square and Twitter, is in the midst of a battle with Elliot Management after the activist hedge fund secured a four percent stake in the company in a bid to make some changes. Paul Singer, the founder of Elliot Management, believes Dorsey is holding Twitter back...

Square Sold $517 Million Worth of Bitcoin Via Its Cash App in 2019

February 27, 2020 by Osato Avan-Nomayo at Bitcoin

Details from Square’s recent shareholder letter show that the company sold $517 million worth of Bitcoin in 2019 with sales of the top cryptocurrency accounting for about half of its revenue in Q4 of last year. Bitcoin Accounts for Half of Square’s Q4 2019 Revenue According to the company’s statement...

Two Hands Holding a Block with a Lightning Bolt inside

Square Targets Widespread Adoption with Lightning Development Tools

January 22, 2020 by Ashwath Balakrishnan at Bitcoin

After speaking to multiple Bitcoin developers who are building products for the ecosystem, Square's newly set up Bitcoin team, led by Matt Corallo, is releasing a Lightning Development Kit (LDK) to allow wallet and applications creators to give their users custom experiences without running into major problems, January 22, 2019....

Twitter Announces Intent to Build a Decentralized Social Media Platform

Twitter Announces Intent to Build a Decentralized Social Media Protocol

December 11, 2019 by Ashwath Balakrishnan at Blockchain

Jack Dorsey is the visionary founder behind Twitter and Square Financial. In a fairly long Twitter thread, Dorsey announced that Twitter is hiring a small team of developers to help build an open and transparent protocol named BlueSky, which could serve as a base for what is to be the...

Jack Dorsey Can’t Envision Twitter and Libra Together, Envisions Massive Potential in Decentralized Protocols

October 25, 2019 by Ashwath Balakrishnan at Altcoins

When asked whether Twitter would be interested in joining the Libra Association, Jack Dorsey met the inquiring journalist with a prompt "hell no". Dorsey's reaction is not surprising in the slightest as he has previously spoken of his issues with a network like Libra. That being said, Dorsey sees immense...

Skrill CashApp Sqaure circle Fists in the air

Payments Providers are Leading the Bitcoin Charge

August 13, 2019 by Ashwath Balakrishnan at Bitcoin

The likes of Square, PayPal, Circle, and Skrill have been the silent drivers of the Bitcoin adoption movement. As seen in a report by Forbes, August 12, 2019, Coinbase was only able to launch its flagship crypto debit card in the U.K. because of its existing partnership with Skrill. Meanwhile,...

Americans Buying more Bitcoin Every Quarter Since Q1 2018

August 3, 2019 by Osato Avan-Nomayo at Bitcoin

Bitcoin is becoming increasingly popular in the U.S. with an observable quarterly increase in BTC sales in the country. This trend is despite a year-long bear market that characterized all of 2018. Some commentators believe more money will flow into BTC in the U.S. following the changing demographics of the...

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