Square Invests $50 Million in Bitcoin, Saying Crypto ‘Aligns with the Company’s Purpose’
Following the news, Square stock went up. It closed at $183.50 per share on Thursday, or 1.84% up, and is further rising in the pre-market today.
Square is opening its new service which enables businesses to receive payments from customers and fans for a 1.5% fee per transaction.
Following the news, Square stock went up. It closed at $183.50 per share on Thursday, or 1.84% up, and is further rising in the pre-market today.
The acquisition of Plaid will bring benefits to both companies. It may add 100 basis points to Visa’s net revenue growth by 2021.
Robinhood has announced that it is launching fractional share trading this week aiming to continue its quest to democratize the world of stock trading with zero fees.
Apple’s Tim Cook has snubbed-off any plans to launch any cryptocurrency. He said that currency matters best belong to government and regulators and private organizations should stay away from it.
Experts from the payments industry believe that Apple Card launch can boost the company’s Apple Pay digital wallet system which can give tough competition to giants like Venmo, PayPal, and Square Cash.
The popularity of the Bitcoin-friendly Square Cash App is growing. Now it has managed to outperform its rival, Paypal’s Venmo.
Square App is expanding its geography. Now users from all the 50 U.S. states can use the app for trading operations with Bitcoin.
Financial services provider Square has got the NYSDFS 7th-ever BitLicense allowing New Yorkers to trade cryptocurrency on the rapidly growing Cash app.
Square, digital payments company, continues buying and selling Bitcoin. Experts believe that one day the firm could launch a cryptocurrency exchange.
Square’s Cash App will incorporate Bitcoin trading facility at zero commission charges.