Tag: cash app

May 18 2022

Jack Dorsey’s Block Wants To Create Economic Empowerment With Bitcoin

Among Block’s initiatives to further the Bitcoin ecosystem shared in its 2022 Investor Day is the development of an open-source bitcoin mining ASIC chip.Block’s overarching purpose is to drive economic empowerment in the world and Bitcoin plays a central role in that mission, its chief executives said during the firm’s first Investor Day since 2017 on Wednesday.“We believe Bitcoin is going...

May 05 2022

Block Report: Cash App Bitcoin Sales Comes In At $1.73 Billion During Q1 2022

Block, formerly known as Square, announced on Thursday that its Cash App generated $1.73 billion in bitcoin purchases in the first quarter of 2022. Block Releases Q1 2022 Report On Thursday, Block Inc, the fintech company led by Twitter founder Jack Dorsey, missed market expectations for first-quarter profit as demand for bitcoin...

Apr 17 2022

Access to Bitcoin Lightning Payments Has Grown by 800% in 1 Year – Report

Quick take: An estimated 80 million crypto users now have access to Bitcoin's Lightning network This is an 800% growth from one year ago when the figure stood at 100,000 The increased access to the Bitcoin Lightning network is due to several applications integrating the payment option Hyperbitcoinization is not the only way the Lightning Network can flourish The provision of cheap fiat-to-Bitcoin...

Apr 15 2022

Lightning Network Usage Grows Over 400% YoY: Arcane Research

Earlier this month, digital assets analysis firm Arcane research published a report on the state of the Bitcoin Lightning Network, in which it examined key factors behind the growing popularity of Bitcoin’s flagship Layer 2 scaling solution.

Apr 07 2022

Cash App Now Allows the Conversion of Paychecks into Bitcoin

Summary: Cash App has launched a new service that allows its users to convert their paychecks into Bitcoin The new feature named 'Paid in Bitcoin' allows users to select what percentage of their direct deposits to be converted to BTC U.S. customers will be the first to test out the new feature, and only available to those with activated Cash Cards The payment...

Serena Williams, Odell Beckham Jr. And Aaron Rodgers On Why They Believe In Bitcoin

On stage at Bitcoin 2022, Serena Williams, Odell Beckham, Jr. and Aaron Rodgers explained why they invest and choose to be paid in bitcoin.Following an announcement on the main stage of Bitcoin 2022, Cash App Bitcoin Lead Miles Suter was joined by a slew of high-profile, Bitcoin-embracing athletes — the NFL’s Odell Beckham Jr. and Aaron Rodgers, as well as tennis legend...

Cash App Announces New Lightning Integration, ‘Pay Me In Bitcoin’ Feature

Apr 07 2022 Published at Bitcoin Magazine under tags  bitcoin 2022 business cash app news

During a presentation at Bitcoin 2022, Miles Suter of Cash App announced a slew of new bitcoin features for the popular payments service.Mobile payments service Cash App has announced several free features to let users seamlessly convert paychecks into bitcoin, round off their debit and credit card payments into bitcoin and to receive payments through the Lightning Network. Cash App, which is...

Mar 04 2022

Shake Shack Is Testing Bitcoin Rewards With Cash App

Shake Shack is introducing a limited-time trial of 15% bitcoin cashback rewards for customers using Cash App’s ‘Cash Card.’Cash Card users can get 15% cashback in bitcoin rewards for purchases through mid-March at Shake Shack.The trial is meant to test Shake Shack's capacity to appeal to a younger audience interested in bitcoin and other cryptocurrencies. The bitcoin reward system is...

Feb 25 2022

Cash App Reports $1.96B In Bitcoin Revenue In Q4 2021

Feb 25 2022 Published at Bitcoin Magazine under tags  bitcoin block business cash app news

Cash App said it generated $46 million of bitcoin gross profit during the fourth quarter of 2021, 14% year over year.Block, the parent company of Square, Cash App, Spiral, TIDAL, and TBD, released Cash App’s Q4 2021 results, which demonstrate how providing Bitcoin brokerage services might be a good business...

Feb 08 2022

CashApp Shocks The World, Enables Payments Through The Lightning Network

It’s official! CashApp integrated Lightning Network payments to most of their customers in the USA. The rumor has been circulating for months, but, the wait is finally over. This might prove to be monumental for the Bitcoin network. “Lightning Network is now available on Cash App. It's the fastest, free way to pay anyone in bitcoin,” tweeted the company....

Feb 07 2022

Jack Dorsey’s Cash App Integrates Bitcoin’s Lightning Network

Cash App users can now send instant bitcoin payments worldwide for free.Cash App has integrated the Lightning Network.All users can now instantly send bitcoin across the world.Spiral’s Lightning Development Kit is empowering Cash App’s integration.Users of Block’s mobile payments platform Cash App can now make instant and free bitcoin payments through the Lightning Network, the...

Jan 12 2022

Cash App Starts Rolling Out Lightning Network to its Users

One of the leading digital payment service providers, Cash App, has just integrated the Lightning Network, a Bitcoin Layer 2 solution allowing for drastically cheaper and faster transfers. The update comes three years after Jack Dorsey, a CEO of Block, the company that owns and develops Cash App, guaranteed that the Lightning implementation is not a question of if but when.

Nov 22 2021

Odell Beckham Jr. Teams Up With Cash App, Will Get Paid In Crypto

Odell Beckham Jr. has had a stellar career. The three-time Pro Bowl star made his career in New York with the Giants, and spent three years at Cleveland, before being traded to the Los Angeles Rams this season. Besides his new home, recent news reports have emerged that OBJ and his girlfriend are expecting their first child. Tack on another milestone for the...

Nov 16 2021

Cash App To Add Bitcoin Taproot Support By December

Nov 16 2021 Published at Bitcoin Magazine under tags  bitcoin business cash app taproot

Cash App users will be able to send bitcoin to Taproot-enabled wallets by December 1, 2021.Cash App will add support to Taproot, Bitcoin’s latest upgrade, by December 1.Over time, users may benefit from the upgrade’s enhanced privacy features, reduced transaction fees, and better smart contracts.Taproot went live on the Bitcoin network on November 14 at block 709,632.Cash App...

Sep 02 2021

Twitter Product Lead Confirms Bitcoin Lightning Beta Test

Twitter product lead Kayvon Beykpour today appeared to confirm rumors circulating this week that the company would soon launch a Bitcoin Lightning tipping service.Twitter product lead Kayvon Beykpour today appeared to confirm rumors circulating this week that the company would soon launch a Bitcoin Lightning tipping service. On the popular social application, Beykpour quote tweeted a leaked image of a beta...

Aug 15 2021

Hot Girl Bitcoins: Hip-Hop Star Megan Thee Stallion Creates “Bitcoin For Hotties” Video

Aug 15 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt cash app

Bitcoin has become too big to be ignored anymore. And hip-hop star Megan Thee Stallion does not want her fanbase, known as Hotties, to get left behind. Megan Thee Stallion is best known for her moniker Hot Girl Meg. The hip-hop star is famous for coming up with the phrase “Hot Girl Summer.” Something that has turned into a sort of a motto...

Aug 02 2021

Cash App Bitcoin Revenue Rose 200% In Q2 As Demand Grows

Aug 02 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd cash app square

Square’s Cash App has reported that the platform saw a 200% increase in Bitcoin revenue. This comes despite Square suffering a $45 million impairment from its Bitcoin investment. Yearly revenue reports saw Cash App’s revenue go from $875 million to $2.72 billion. While bitcoin gross profit went from $17 million to $55 million in the same time period. The increase was mainly due...

Jul 09 2021

Jack Dorsey And Square To Build Mainstream Bitcoin Hardware Wallet

What is going to get bitcoin into the hands of the next 100 million people? Jack Dorsey may have figured it out.Square's hardware lead, Jesse Dorogusker, announced yesterday that Square, Jack Dorsey, and he have decided to build a secure yet user-friendly mobile Bitcoin wallet designed for mainstream adoption....

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