Square Cash App
"
Cryptocurrency is driving business across worldwide. Square Cash app reported a 100% increase in profit from Bitcoin trading transactions.
Square Cash reported about to $37 million in BTC trading revenue in 2nd-quarter financial statementsfor now.
As per report, BTC trading has been growing at a rapid pace. Square introduced the platform at the start of this year.
In last quarter, the company reported near about $200,000 in profits from BTC trading due to high cost associated with approval of a New York BitLicense.
On the June 18, Square Cash was granted a BitLicense from the New York Department of Financial Services (NYDFS) to instant buying and selling cryptocurrency in New York.
“The goal is to continue to drive utility in the Cash App.”
While profits remain marginal, Square has seen growth in BTC trading transactions over the last quarter, reporting 9% increase in total sale volume.
"
This news is from cryptoslate..
Leave Square Cash App to:
Best Posts From DV Techs
We have not curated any of vibhu007's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.
More Posts From DV Techs
- Chinà Chànges its Stànce Towàrds Bitcoin Mining
- Ethereum Ready to Gear Up For Powerful Movement
- Bitcoin Mining Faces Low productivity as Rainy Season Ends in China
- Bitcoin the Digital Gold
- Bitcoin mining is it Profitable in 2020?
- How to Make Fast BTC Faucet Rewards
- Square Cash App
- ‘Game Over’ for Bitcoin ?
- Crypto Markets See Solid Upswing, Bitcoin Pushes $7,500
- THREE CRYPTOCURRENCIES HACKED IN ONE WEEK, LOSS AMOUNTS TO $20 MILLION