Accepts Bitcoin bitcoin Exchanges paypal square 

$43 Million in Bitcoin Trades Help Square Beat Q3 Earnings Estimates

Twitter Facebook LinkedIn Square, the merchant payment service provider which thrives on its mobile card readers and applications, has posted its third-quarter shareholder report, and it includes $43 million in bitcoin revenue. Slim Margins on Bitcoin Overall, they’ve made 51 percent more than they did last year up to this point, and revenue is 68 percent better than they did during the same quarter of last year. BTC sales are one of its smallest components, but they still represent a notable portion of total revenue — around 5 percent. They…

Read More
bitcoin Bitcoin Technology Bitcoin Wallets square 

Square Open-Sources Bitcoin Cold Storage System

Square, the digital payments giant that last year rolled out bitcoin trading through Cash App, its peer-to-peer mobile finance service, has open-sourced the system that the firm uses to manage cold storage for these cryptocurrency assets. Announced in a blog post penned by Square security engineer Alok Menghrajani, the company said that it chose to make the system open source to inspire further innovation in the cryptocurrency space and help companies in the fledgling industry fulfill their security needs. Menghrajani wrote: “We hope that by sharing our work, we can make…

Read More
cash app Companies Exchanges Jack Doresy Nomura Instinet square 

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 July where it grew three times faster than Venmo. Both companies had made their peer-to-peer platforms a priority, introducing new features in a bid to increase the user base and monetize it. Square has taken…

Read More