Square has just published its quarterly report for the second quarter of 2019. The report shows that the company generated $125 million in Bitcoin sales through its Cash App.
Twitter and Square’s CEO Jack Dorsey proposes that user experience is at the core of mass adoption for cryptocurrency. That’s why the company has decided to outsource designers who could develop a “Bitcoin for Everyone” Square crypto.
Square said they plan to “improve money” through their Bitcoin and crypto development, while Square Crypto is poised to hire its first dedicated employee, with many cryptocurrency investors hoping Square will lead a wave of fresh bitcoin adoption.
Crypto-Twitter is known for its hysterics. Elon Musk challenged this fact when he just tweeted “Ethereum”, and it went in a frenzy as expected, being re-tweeted more than 3000 times in only 2 hours.
Facebook and Square rank among the notable institutional investors making significant investments in the blockchain and cryptocurrency industries. They aim to benefit from the potential mass adoptions.
Lightning Labs has announced alpha release of Lightning Loop aimed to imrove the efficiency, scalability, and usability of Lightning.
As Bitcoin (BTC) is clinging on to its $4,000 price tag, major crypto figures are betting big on a potential bull run. However, it doesn’t necessarily mean that cryptocurrency investors should get too carried away by the recent price uptick.
Justin Sun, the founder of Tron (TRX), a leading platform for developing and deploying decentralized applications (dApps), is reportedly planning to launch a $20 million airdrop and to give away a free Tesla automobile.
While some experts insist that quite soon Bitcoin will replace fiat money, cybersecurity pioneer Eugene Kaspersky believes that the world is not ready for such changes.
Elon Musk is well-known for his enthusiasm about Bitcoin, recently he unveiled his crypto balances and even proposed to give the Nobel Prize for BTC HODLers.