Square’s quarterly earnings beat out expectations by more than double thanks to Bitcoin’s dramatic rally.
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.
Square and Ark Invest argue that Bitcoin miners can bolster the efficiency of the renewable energy industry by acting as an electricity buyer of last resort.18705
A 0.001 BTC withdrawal is equivalent to around $51.80 based on current prices.11354
The Crypto Council for Innovation is looking to lead the charge for sensible cryptocurrency regulations around the world.3750
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Square’s majority stake in Jay-Z’s streaming service Tidal will potentially help artists grow their fan bases using blockchain technology, a Gartner analyst said.8132
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Jack Dorsey’s Square now owns roughly 3,318 more BTC.24360
501(3)(c) status boosts the project's legitimacy as well as its efficiency in using donations.5362
The market caps of most companies that bought Bitcoin have increased recently, but is that solely thanks to BTC?21344
Popular rapper Megan Thee Stallion has teamed up with Square’s Cash App to launch a $1 million Bitcoin giveaway on Twitter in partnership with Square’s Cash App.21956
Early adopters who saw the potential in Bitcoin in the last decade have been waiting for this year their entire crypto investing lives.27589
The new Bitcoin Clean Energy Investment Initiative will aim to make mining more eco-friendly.7785
Coinbase will help COPA on its journey of defending against patent overreach.8391