Square to Help Bitcoin Become Native Currency of the Internet

Updated:

Giant payment solution company Square Inc. recently reiterated its loyalty to Bitcoin in its newly-released Q3 earnings report last Friday. The payments company revealed that Cash App, its payment platform, generated $1.8 billion in BTC revenue in Q3, 2021. That said, the company’s valuation has rallied to a robust $110 billion. During the earnings call, […]

Square Reports $2.39 Billion in Bitcoin Revenue in Q3 Earnings Figures

Updated:

Giant payment solution company Square Inc. recently published its earnings report, highlighting some positive Bitcoin (BTC) figures. In its Q3 2021 Shareholder Letter, Square reported total net revenue of $3.84 billion in the third quarter, a 27% from the same time last year (YoY). Meanwhile, the company generates its Bitcoin revenue from its mobile payment […]

Square Announces Halt of BTC Purchases on Carbon Footprint Concerns

Updated:

Popular fintech payments processor Square has announced that it would no longer purchase more BTC in the foreseeable future. The latest decision got communicated by the Chief Financial Officer of Square, Amrita Ahuja, in an interview with Financial News. The CFO stated that: “We don’t have any plans at this point to make further purchases. […]