Square’s Cash App Now Supports Bitcoin Trading in All 50 States

Square’s Cash App Now Supports Bitcoin Trading in All 50 States
фото показано с : bitcoinmagazine.com

2018-8-16 01:20


Mobile payment company Square is expanding its bitcoin trading support to all 50 states through its Cash App. This means that residents in all corners of the U.S. can utilize the platform to purchase and sell the digital currency.

The company was co-founded in 2009 by tech entrepreneur Jack Dorsey, who also heads Twitter. Last March, Dorsey was quoted as saying that bitcoin will likely serve as the world’s “single currency” in roughly 10 years.

Square’s announcement is particularly intriguing in that most bitcoin- or crypto-trading apps do not offer their services in every state. Robinhood, for example, only offers bitcoin and ether trading in 19 states including Arizona, California, Florida, Utah, Mississippi and Indiana, while other apps, such as Coinmama and CEX.io, are available in 23 and 24 states respectively. Entities like itBit — which also holds a New York–issued BitLicense — operate in every state except Texas.

Square originally launched bitcoin-trading capabilities on its app in November 2017 to only a handful of users. In January of this year, the company expanded the app’s trading services to virtually every state except Wyoming, Georgia, Hawaii and New York due to restrictions that placed limits on cryptocurrency transactions. In June, the company acquired a BitLicense to operate in the Big Apple and later announced that it had more than doubled its crypto-based income between quarters one and two from $34 million to $70 million.

“We are thrilled to now provide New Yorkers with Cash App’s quick and simple way to buy and sell bitcoin. Square and the New York State DFS share a vision of empowering people with greater access to the financial system and today’s news is an important step in realizing that goal,” stated Brian Grassadonia, head of Square’s Cash App, yesterday regarding the venture’s new relationship with New York.

Cash App downloads have grown three times faster than its competitors and later surpassed the company’s figures for the first time. The app now boasts an impressive 33.5 million users — about 3 million more than Venmo. It is also expected to top $100 million in sales by the year 2020.


This article originally appeared on Bitcoin Magazine.

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app square → Результатов: 30


Twitter CEO Says Square’s Cash App Integrating Lightning Network is a Matter of Time

The CEO of Twitter and Square, Jack Dorsey, has said that the company’s Cash App will integrate Bitcoin’s Lightning Network and that it’s only a matter of time for it to happen. “When” Not “If” Square’s mobile payment service – the Cash App, available for both Android and iOS, will eventually integrate Bitcoin’s scaling solution […] Twitter CEO Says Square’s Cash App Integrating Lightning Network is a Matter of Time originally published on My Bitcoin News by Gines Bravo.

2019-2-11 18:30


Фото:

Биткоин-трейдинг через Square Cash стал доступен во всех 50 штатах США

Провайдер мобильных платежей Square объявил через Twitter, что услуга торговли биткоинами в приложении Square Cash теперь доступна во всех 50 штатах США. Red, white, and bitcoin. Now you can use Cash App to buy bitcoin in all 50 states.

2018-8-15 17:01


Биткоин-приложение от Square стало доступным во всех американских штатах

Жители всех 50 американских штатов получили возможность покупать и продавать биткоины через приложение Cash App от поставщика платежных решений Square. Red, white, and bitcoin. Now you can use Cash App to buy bitcoin in all 50 states.

2018-8-14 14:49


Square отказалась от криптовалютных бирж в пользу частных брокеров

Поставщик платежных решений Square в недавно опубликованном квартальном отчете сообщил, что компания отдает предпочтение сотрудничеству с частными брокерами и внебиржевыми сервисами (OTC) для обслуживания клиентских сделок с биткоином через приложение Cash App.

2018-8-5 11:35


Фото:

$37 million of bitcoin revenue assist square accelerate increase in q2

Finance Square has reported its Q2 2018 financial results, revealing that $37 million of Bitcoin-related revenue helped the company accelerate its growth during the period. Also Read: Coinmarketcap Launches Professional API and Derivatives Markets $37 Million of Bitcoin Revenue Square Inc (NYSE:SQ), the developer of the mobile payment app Square Cash, has posted its financial

2018-8-3 21:56


Компания Square во втором квартале удвоила прибыль от продажи биткоина

Поставщик платежных решений Square опубликовал отчет, где говорится, что во втором квартале доходы компании от продаж биткоина составили $37 млн. Чистый доход компании во втором квартале составил $814 млн.

2018-8-2 11:11


Фото:

Square Crypto Trading App Beats PayPal’s Venmo With 3x Growth

Square Cash, a cryptocurrency-enabled trading app, is growing three times faster than PayPal’s fiat-based Venmo, trading giant Nomura has revealed. ‘More Than Just A Bitcoin Play’ The company’s Square Cash app, which added cryptocurrency functionality in January, has defied Bitcoin price trends ever since, growing its user base despite overall Bitcoin market activity decreasing.

2018-7-13 20:00


Аудитория приложения Square растет вопреки падению биткоина

Аналитики Nomura Instinet, материнской компании биткоин-стартапа Square, сообщили о росте аудитории мобильного приложения Cash App. В мае и июне количество пользователей увеличилось на 4 млн человек, несмотря на падение биткоина, сообщает CNBC.

2018-7-13 13:23


Фото:

State of New York issues 7th BitLicense to Jack Dorsey’s Square

Financial services provider Square has got the NYSDFS 7th-ever BitLicense allowing New Yorkers to trade cryptocurrency on the rapidly growing Cash app. Square, a digital payments company, has been granted BitLicense from the New York Department of Financial Services (NYDF), which means formal approval of Square’s application for a virtual currency license. It was issued on

2018-6-19 14:32


Сервис Square получил BitLicense от регуляторов штата Нью-Йорк

Компания Square объявила в понедельник, что Нью-Йоркский Департамент финансовых услуг предоставил платежному сервису лицензию BitLicense. Square — мобильный сервис Джека Дорси, основателя социальной сети Twitter, который позволяет  пользователям приобретать биткойны с помощью мобильного приложения Cash App.

2018-6-19 10:36