Cash App Reports $1.96B In Bitcoin Revenue In Q4 2021

Cash App Reports $1.96B In Bitcoin Revenue In Q4 2021
фото показано с : bitcoinmagazine.com

2022-2-25 03:42

Cash App said it generated $46 million of bitcoin gross profit during the fourth quarter of 2021, 14% year over year.

Block, the parent company of Square, Cash App, Spiral, TIDAL, and TBD, released Cash App’s Q4 2021 results, which demonstrate how providing Bitcoin brokerage services might be a good business strategy.

During Q4 2021, Cash App generated $1.96 billion in bitcoin revenue and $46 million of bitcoin gross profit, up 12% and 14% year-over-year (YoY), respectively. The compounding annual growth rate (CAGR) for Cash App’s bitcoin revenue and gross profit grew 232% and 285% YoY, respectively. As of December 31, the fair market value of the company’s bitcoin holdings was $371 million.

In a Twitter space that took place on February 16, Jack Dorsey, CEO of Block and ex-CEO of Twitter, had as much to say about Bitcoin as one might imagine.

“For bitcoin — and in all the other projects around it — I think if we're increasing transparency within the next five to 10 years; if we're increasing participation, and that participation is globally represented; if we're providing daily utility, especially in the form of currency, globally — that is success,” he said.

Dorsey’s enthusiasm for Bitcoin has become even more apparent since his departure from Twitter as he has pushed a number of different initiatives at Block related to the peer-to-peer currency.

In the Twitter Space mentioned above, Jack reiterated the importance of Bitcoin and the responsibility he feels towards it: “This is meant to be a potential replacement to the US dollar’s dominance, and you can’t screw that up.”

In fact, Spiral, the independent subsidiary of Block dedicated to open-source Bitcoin development, is focused solely on advancing the adoption of Bitcoin as it continues to grow “like a spiral from a single point, encompassing more and more space until it touches everything” and eventually becomes a global currency.

During the fourth quarter of 2021, Block raked in gross profit of $1.18 billion, up 47% YoY, while Cash App generated gross profit of $518 million, up 37% YoY. The Square ecosystem generated gross profit of $657 million, 54% higher than the previous year.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

pxUSD Synthetic USD Expiring 1 April 2021 (PXUSD_MAR2021) на Currencies.ru

$ 1.1454 (-0.84%)
Объем 24H $0
Изменеия 24h: 7.63 %, 7d: 11.97 %
Cегодня L: $1.1454 - H: $1.1454
Капитализация $0 Rank 3882
Доступно / Всего 0 PXUSD_MAR2021

2021 cash bitcoin app year profit quarter

Источник: bitcoinmagazine.com

2021 cash → Результатов: 69


Block получила от продажи биткоина $1,96 млрд за квартал

В четвертом квартале 2021 года доход Block (ранее Square) от продажи биткоина через приложение Cash App составил $1,96 млрд, что принесло фирме валовую прибыль в $46 млн. Our Q4 and full-year 2021 earnings are now available.

2022-2-25 14:24


Фото:

Прибыль Square от продаж биткоина в третьем квартале составила $42 млн

В третьем квартале 2021 года выручка платежной компании Square от продажи биткоина через приложение Cash App составила $1,82 млрд при валовой прибыли в $42 млн. По сравнению с прошлым годом показатели выросли на 115% и 29% соответственно.

2021-11-5 15:58


Фото:

Top Peer-to-Peer Electronic Cash Systems in 2021

The crypto ecosystem has long surpassed the centralized payment system and now relies on a peer-to-peer, completely decentralized payment system that eliminates any intermediaries. The exclusion of intermediaries is one of the USPs of decentralized finance over traditional financial methods, as users have complete access and control over their assets. While there are several peer-to-peerRead More

2021-9-24 17:00


Крупнейшая сеть кинотеатров AMC добавит поддержку Ethereum, Litecoin и Bitcoin Cash

Американская сеть кинотеатров AMC Theatres до конца 2021 года в качестве способа оплаты билетов, помимо биткоина, также внедрит Ethereum, Litecoin и Bitcoin Cash. Об этом сообщил CEO компании Адам Арон.

2021-9-17 13:35


Фото:

Arcane Crypto привлекла $7 млн для входа в майнинговую индустрию

Инвестиционная компания Arcane Crypto привлекла 61,1 млн шведских крон (~$7,1 млн) от группы квалифицированных инвесторов через дополнительную эмиссию акций. PRESS RELEASE: Arcane Crypto raises 61 mSEK in directed issue - expects to be cash flow positive from year-end 2021.

2021-8-31 10:14


AMC Planning ‘Serious Involvement’ in ‘Burgeoning’ Crypto, To Accept Bitcoin by End of 2021

“Many of our new shareholders also are quite enthusiastic about cryptocurrency,” said the CEO of AMC, with around $1.8 billion in cash and around $2 billion in liquidity. The post AMC Planning ‘Serious Involvement’ in ‘Burgeoning’ Crypto, To Accept Bitcoin by End of 2021 first appeared on BitcoinExchangeGuide.

2021-8-10 19:22


Фото:

Square втрое увеличила прибыль от продажи биткоина

Во втором квартале 2021 года продажи биткоина через приложение Cash App принесли платежной компании Square доход в $2,72 млрд и валовую прибыль в $55 млн, согласно отчетности. Год назад эти показатели составили $875 млн и $17 млн соответственно.

2021-8-5 10:03


Square’s Cash App Reports $2.7B In Quarterly Bitcoin Revenue, A 200% Jump

Square has had a busy weekend. The company made headlines for it’s purchase of Australia-based fintech firm, Afterpay, in an all-stock deal.  Square then went on to release it’s Q2 2021 Shareholder Letter, filled to the brim with company insights – including some strong growth numbers in crypto transactions on Square’s mobile product, Cash App.

2021-8-2 07:54


Фото:

Vietnamese Government Planning to Conduct CBDC Pilot

Vietnam has become the latest country to explore central bank digital currency (CBDC), although the government has said that a sovereign digital currency would not replace the country’s fiat.  Vietnam’s Proposed Digital Currency not a Cash Replacement According to Nikkei Asia on Monday (July 12, 2021), the decision by the Vietnamese government to explore theRead More

2021-7-13 23:00


Биткоин позволил Square заработать $3,51 млрд в первом квартале

В первом квартале 2021 года продажи биткоина через приложение Cash App принесли платежной компании Square $3,51 млрд. Об этом говорится в письме акционерам. Приведенная цифра вдвое превышает доход Square от Cash App в четвертом квартале 2020 года ($1,76 млрд) и в 11 раз показатели первого квартала 2020 года ($306 млн).

2021-5-8 18:56


Фото:

Square заработала $3,51 млрд на продаже биткоина

В первом квартале 2021 года продажи биткоина через приложение Cash App принесли платежной компании Square $3,51 млрд. Об этом говорится в письме акционерам. Приведенная цифра вдвое превышает доход Square от Cash App в четвертом квартале 2020 года ($1,76 млрд) и в 11 раз показатели первого квартала 2020 года ($306 млн).

2021-5-8 15:21


Фото:

The Board of Directors at MicroStrategy To Start Receiving Fees in Bitcoin

On April 12, 2021, business intelligence firm MicroStrategy said that its non-employee board members will now receive their fees in BTC instead of cash. BTC Payments Are Underway  The announcement came in an 8-K filing with the US SEC, where the firm asserted that they wish to modify their compensation arrangement for non-employee directors asRead More

2021-4-13 11:00


Биржа OKCoin исключит из листинга Bitcoin Cash и Bitcoin SV

В минувшую пятницу криптобиржа OKCoin объявила о делистинге двух альткоинов Bitcoin Cash (BCH) и Bitcoin SV (BSV) с 1 марта 2021 года. Таким способом торговая площадка решила защитить новичков, которые хотят купить биткоин, но могут из-за неопытности вложиться в один из "клонов" BTC.

2021-2-21 15:39


дальше еще 20 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

COW’s price surges 220% after Binance listing – What’s next?

COW’s price rallied by triple digits after Binance listing. Token’s overvaluation can likely trigger sell-offs. CoW Protocol [COW] has captured significant attention following its recentThe post COW’s price surges 220% after Binance listing – What’s next? appeared first on AMBCrypto.

Congress gains pro-crypto allies, what it means for the crypto industry

The recent election ushered over 250 pro-crypto lawmakers into Congress. This new wave of crypto-friendly representatives fuels optimism about future regulatory clarity. The addition of pro-The post Congress gains pro-crypto allies, what it means for the crypto industry appeared first on AMBCrypto.

THORChain rebounds 18% in a day after 33% pullback: What's next?

THORChain had fallen below the past month's demand zone at $4.5. Its quick recovery showed that sellers were not dominant. THORChain [RUNE] was up by 17.15% in 24 hours and bullish belief haThe post THORChain rebounds 18% in a day after 33% pullback: What's next? appeared first on AMBCrypto.

Ethereum mirrors Solana's 2023 moves - Is 222% gains possible for ETH too?

Ethereum mirroring Solana's exact structure, a triangle below its resistance level. The multiple liquidity grab that occurred on ETH could spark a rally. The comparison of Ethereum [ETH] andThe post Ethereum mirrors Solana's 2023 moves - Is 222% gains possible for ETH too? appeared first on AMBCrypto.