Square is launching a consortium to pool patents and democratize access to innovative blockchain technologies.
Square, Inc. is a financial services and mobile payment company founded in 2009 by Twitter developers Jack Dorsey and Jim McKelvey and is headquartered in San Francisco, California. Square has various products for businesses and individuals. The most noticeable of them are Square Cash and Square Point of Sale (Square POS). The Square Cash app is a mobile payment service application that has recorded 7 million active users in February 2018. Square Cash enables fiat transactions to bank accounts and debit cards. Square Cash also offers Bitcoin purchases and transfer to other users. Square POS is an application for inventory management and business analytics. Square is available in Canada, Australia, the U.K., the U.S. and Japan. It has a strong financial performance and rates of growth, gradually expanding and acquiring new businesses.
Unique entities hit their highest weekly average since early 2018 as bullish network momentum snowballs.10501
Bitcoin trading drove $875 million in quarterly revenue for the U.S-based financial services firm Square, comprising a 75% gain over Q1 2020.6698
Another class action lawsuit against Plaid has been filed citing the company violated user data privacy.8454
Coinbase’s “data plumber” denies storing users’ login credentials in plain text along with all the other allegations in a new class-action complaint.3330
A new class action alleges that Plaid, which Visa recently bought for over $5 billion, had unparalleled access to the financial information of millions of users.7094
Bitcoin and stocks are now on the menu for Cash App users wanting to minimize the “impact of market swings,” the payment network says.6637
Square’s Cash App and Grayscale absorbed over half of the Bitcoins mined in the first three months of 2020, according to a May 7 report.6363
Square reports that Bitcoin composed the bulk of Cash App’s revenue in the first quarter, though it added much less to profit.7410
Bitcoin shows signs it is vulnerable to a severe correction, Libra embarks on a massive U-turn to woo regulators, and Maker slapped with a $28-million lawsuit.12579
Square Capital is now authorized to provide small businesses with low-interest loans that can be 100% forgiven if used to cover approved costs.3033
Square has launched an online portal allowing U.S. citizens to divert their stimulus payments to its Bitcoin-friendly Cash App.11183
Who knew 140 characters would go this far?9224
Jack Dorsey, CEO of Twitter and Square, is campaigning for government to use Cash App and other payment platforms to distribute U.S. stimulus package.5740
Square, Inc. is forced to adjust first-quarter estimates by $800 million due to the coronavirus crisis despite Bitcoin’s growth.3557