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Square merchants can now convert up to 10% of sales to Bitcoin via CashApp
25.4.2024
Block gets one percent of every conversion
Block Unveils Bitcoin Conversion Feature for Square Merchants
25.4.2024
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 on X, and as of today, merchants have the option to transfer between 1-10% of their...
Some Square Users Can Now Convert Their Dollars to Bitcoin Via Cash App
24.4.2024
Bitcoin Conversions will charge a flat 1% fee to automatically convert a portion of merchant revenues into BTC
Block posts 34% increase in Bitcoin revenue in Q2 but shares stumble
4.8.2023
Bitcoin profits on Block’s Cash App dropped slightly from the first quarter of 2023 but remain up 7% from this time last year
Block is Distracted by Bitcoin and That’s Hurting its Bottom Line - Analyst Downgrade
23.9.2022
Twitter founder Jack Dorsey's payment firm Block, formerly called Square, has seen a downgrade, dragged down by none other than bitcoin (BTC) - or rather, the company's "preoccupation" with it.
Investment bank Mizuho downgraded Block from “buy” to “neutral”, arguing that the company...
40% of Surveyed Lower-income Individuals Want to Use Bitcoin - Not to Make Money
1.6.2022
A report from Jack Dorsey’s Block, Inc. (formerly Square) has concluded that bitcoin (BTC) will play an increasingly large role in the payment and remittance sectors – and that the more people’s peers own BTC, the more likely they are to invest....
Read More: 40% of Surveyed Lower-income...
Bitcoin & Ethereum Investment Outflows, BTC Mixer Flags Illegal Moves + More News
14.3.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Bitcoin & Ethereum Investment Outflows, BTC Mixer Flags Illegal Moves + More News
Cash App’s Bitcoin Revenue Grew 119% in 2021, Gross Profit From BTC Rose 124%
26.2.2022
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 previous year, the bitcoin revenue increased 119% while gross profit rose 124%. Cash App’s...
Block's Cash App to Allow its 40M Customers to Gift Bitcoin
15.12.2021
Jack Dorsey's payment firm Block, previously called Square, has unveiled a new Cash App feature that will allow users to gift family and friends crypto and stock over the holiday season.
Cash App announced the news on Tuesday, saying that its approximately 40 million active monthly users...
Square Unveils Plans to Help Bitcoin Become the Native Currency for the Internet
9.11.2021
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 goal” that will help “bitcoin reach a mainstream audience while at the same time strengthening...
Square’s Cash App Generates $1.8 Billion in Bitcoin Revenue, BTC Profit up 29% in Q3
6.11.2021
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 the time period, a 29% increase year-over-year. Square’s Bitcoin Profit up 29% in Q3 In the company’s Q3 2021...
DeFi on Bitcoin: Jack Dorsey launches new Square division to make it 'easy'
16.7.2021
Jack Dorsey has outlined plans to build an open developer platform focused on creating Bitcoin DeFi services
Jack Dorsey’s Square Building Bitcoin Hardware Wallet to Make Crypto Custody More Mainstream
9.7.2021
Jack Dorsey’s payments company, Square Inc., has confirmed that it is building a bitcoin hardware wallet and service with the aim to “make bitcoin custody more mainstream.” Square’s Bitcoin Hardware Wallet in the Works Square Inc. is building a hardware wallet, Jesse...
Jack Dorsey confirms Square is building an ‘assisted custody’ BTC hardware wallet
9.7.2021
Jack Dorsey and hardware lead Jesse Dorogusker have both confirmed Square’s plans to develop a Bitcoin hardware wallet
Square’s Cash App raises minimum Bitcoin withdrawal to 0.001 BTC
22.4.2021
A 0.01 BTC withdrawal is equivalent to around $51.80 based on current prices
Retail traders buying more Bitcoin than institutions: JPMorgan
17.3.2021
Retail traders have been buying large amounts of BTC through PayPal and Square
Square Adds $170 Million More in Bitcoin to Balance Sheet — Company Now Holds 5% of Total Cash Reserves in BTC
24.2.2021
Square has bought more bitcoin, adding $170 million worth of the cryptocurrency to its balance sheet. The company now holds 5% of its cash reserves in bitcoin. Its Cash App was used by more than three million customers to purchase or sell the cryptocurrency last year. $170 Million Bitcoin Purchase...
Why Everyone From Square to Facebook Is Now Hosting the Bitcoin White Paper
21.1.2021
The uploads come in response to legal threats by Craig Wright
Bitcoin Trading Fees on PayPal, Robinhood, Cash App and Coinbase: What to Know
30.11.2020
With bitcoin’s price hitting a new all-time high on Monday, retail investors will inevitably want to get in on the original crypto asset
Cash App’s Bitcoin Revenue Soars 1,000% to $1.63 Billion in Q3, Square Announces
7.11.2020
Cash App, a mobile payment service of Square Inc., generated more than $1.63 billion in bitcoin revenue in Q3 2020, which is an increase of more than 1,000% over the same period last year. The company recently invested 1% of its total assets, or $50 million, into bitcoin. Cash App’s Bitcoin...