Square’s cryptocurrency-friendly payment app Cash App is reportedly testing a new feature allowing customers to buy and sell stocks. Expanding Cash App Citing a source familiar with the matter, Bloomberg reported on Sept. 12 that the San Francisco-based startup’s employees began testing the new feature in recent weeks. Once released, it will allow Cash App users to make free stock trades. Square has reportedly not yet determined the exact date of the new option launch. Cash App and crypto Square made Bitcoin (BTC) deposits available on Cash App in late June. At the time, deposits were limited to $10,000 worth …

Twitter and Square CEO Jack Dorsey stated that there are no plans for a platform-specific “Twitcoin” cryptocurrency, noting that he will instead focus on promoting Bitcoin (BTC). Open standards are better According to Australian news outlet The Sydney Morning Herald’s article published on Sept. 5, Dorsey is confident that Bitcoin is still the most likely candidate to beсome the internet's native currency. Twitter CEO noted: “I think open internet standards serve every person better than ones controlled or started by companies.” Nobody understands the global economy Dorsey visited Melbourne to take part in the launch of Square Terminal, a new …

Square Crypto, the cryptocurrency-focused branch of mobile payment company Square, has hired Blockstream co-founder and Bitcoin (BTC) developer Matt Corallo. Square Crypto announced the news in an official Twitter post on Aug. 20. Matt Corallo also commented on the announcement, saying: “So excited to be joining the @sqcrypto team over the coming weeks. Experimenting with different models to accelerate Bitcoin OSS is awesome!” As indicated in his Twitter post, Corallo is a Bitcoin Open Source Developer who previously worked at Bitcoin development company Chaincode Labs. Per his LinkedIn profile, Corallo has worked there for the past two years and 8 …

Jack Dorsey — founder of social media giant Twitter and Bitcoin (BTC)-supporting payments provider Square — has said: “we love you Bitcoin.” During an earnings call devoted to Square’s Q2 2019 results, Dorsey recognized the eye-popping impact that introducing Bitcoin support had on the company’s Cash App revenue. ‘Delivering on economic empowerment’ In his remarks, Dorsey noted that the Cash App ecosystem continued to grow, generating $135 million in revenue — excluding Bitcoin. As reported just yesterday, Square’s latest shareholder letter has revealed that Cash App had raised $135 million in subscription, services and transaction-based revenue — and that separately, …

Payments company Square has generated $125 million in Bitcoin (BTC) revenue in the second quarter of 2019 through its mobile payments service Cash App. Square released the information in the company’s Q2 2019 shareholder letter on Aug. 1. According to the letter, the company’s Bitcoin revenue benefited in part from the number one cryptocurrency’s price rally over the quarter. As a result of this price growth, there was also a correspondingly increased volume of Bitcoin, they say. This resulted in a $2 million gross profit for the company. Cash App obtained $135 million in subscription-, services- and transaction-based revenue. This …

Steve Lee, a project manager at Square Crypto — the crypto arm of the payments company Square — made a number of recent remarks that solidify the company’s emphasis on Bitcoin (BTC). Lee commented to this effect in the course of an “ask me anything” (AMA) session via Twitter on July 29. Jack Dorsey had previously discussed how Square Crypto aims to develop the crypto ecosystem in general, and is taking steps to improve infrastructure for all — not just Square. However, the recent AMA indicates that Bitcoin is playing a main role in their current developments. Early on in …

Once seen by the mainstream zeitgeist as a fringe technology destined to languish on the outskirts of society, cryptocurrency today is alluring many leaders of the fintech sector by offering companies the prospect of being at the forefront of the largest financial revolution of the past century. With mainstream society increasingly accepting Bitcoin (BTC) as a means of payment, financial firms are increasingly seeking to offer a frictionless and convenient means for consumers to make payments using crypto. Square introduces BTC deposits On June 26, San Francisco-based mobile payments provider Square announced that users of the company’s Cash App can …

Coming every Sunday, the Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin falls by $1,400 after crash of major crypto exchange Coinbase After surpassing the $12,000 and $13,000 marks in a matter of hours, Bitcoin’s (BTC) parabolic run was plunged into peril when the Coinbase crypto exchange crashed on June 26. Prices began to tumble shortly before the trading platform confirmed there was a problem …

San Francisco-based payments company Square has just made bitcoin (BTC) deposits available on its Cash App on June 26 Cash App users will now be able to deposit bitcoins from external wallets into their app bitcoin address. According to Square’s announcement, deposits are limited to $10,000 worth of bitcoin in a seven day period. It also notes that transfers could take several hours to be confirmed on the blockchain. As noted by Coindesk, Square apparently made bitcoin deposits previously available for some users. Twitter user and self-proclaimed “Bitcoin Permabull” Dennis Parker recently claimed on June 25 that BTC deposits were …

Disclaimer: This article has been updated following revisions. Jack Dorsey, the founder of social media website Twitter and mobile payments provider Square, went into depth on his plans for his new team dedicated to improving the crypto sector at Square in an interview with The Next Web on June 14. According to Dorsey, this initiative, Square Crypto, will add to the fiat payment company’s operations by providing an infrastructure for frictionless internet payments. Right now, he says that regulations and partnerships slow Square down — obstacles that he hopes to avoid in the future with an improved crypto infrastructure: “Just …

United States-based bitcoin (BTC)-supporting payments service Square Crypto announced that it recruited former Google product director Steve Lee in a tweet published on June 12. Square Crypto was announced in March of this year when the organization joined Twitter, and planned to hire crypto engineers and designers to work on the bitcoin and crypto ecosystem, paying them in cryptocurrency. Just hours before announcing Lee’s recruitment, the official Twitter Square Crypto account asked — in what appeared to be a joke — the community to welcome the company’s “summer intern and inaugural hire, Gary Fuches.” Then, the author of the next …

The Wharton School of the University of Pennsylvania has introduced an online program on financial technologies, including digital currencies, according to a press release published on May 30. The new online program dubbed “Fintech: Foundations and Applications of Financial Technologies” features lectures and case studies on topics such as payments, cryptocurrency, blockchain technology and crowdfunding, among others. Apart from the university lecturers, the course also features speakers from the leading industry companies, including payment processor Square, marketplace lender CommonBond, and investment advisory firm Vanguard. Anne Trumbore, senior director of Wharton Online, said that the program was launched as part of …