Square to Help Bitcoin Become Native Currency of the Internet

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


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 Inc. CEO Jack Dorsey got quizzed on the possibility of his company expanding beyond just buying and selling Bitcoin into more substantial crypto activities like offering other cryptocurrencies and allowing users access to NFT ecosystems. To this, Dorsey replied, “We’re not,” adding that:

“Our focus is on helping bitcoin to become the native currency for the Internet … We have a number of initiatives toward that goal. Cash App is just one.”

The billionaire CEO elaborated that: “We’re going to be building a hardware wallet. We’re exploring bitcoin mining, a consumer device to mine bitcoin at home or in a business or seller businesses, in fact. We believe this focus is important. We believe it’s right.”

Square to Launch TBD to Improve Bitcoin Services

Meanwhile, Dorsey talked about a new business unit called TBD, noting that: “We also recently created a business called TBD [to] build an open developer platform with the sole goal of making it easy to create noncustodial, permissionless and decentralized financial services with a focus on bitcoin.”

The CEO noted that the platform aims “to enable more ideas around decentralized finance on the bitcoin stack and on the stability that it offers and all the resilience that’s had over the decade-plus.”

Dorsey asserted that: “We’re going to release more details on what TBD is doing with a white paper on Nov. 19.” He also noted that:

“Both are focused on helping bitcoin reach a mainstream audience while at the same time strengthening the network and ecosystem.”

Finally, the Square and Twitter founder declared during last week’s earnings call that:

“We will build both in the open, in collaboration with the community, sharing all of our decisions, progress, and questions along the way.”

 

You can purchase crypto coins here: Buy Tokens

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *