Tag: 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....

May 06 2021

Square Bought 3,318 BTC, Made $3.51 Billion In Bitcoin Revenue In Q1 2021

Per an earnings report, Bitcoin-focused payments company Square has purchased 3,318 more BTC and earned $3.51 billion in bitcoin revenue.Today, Square (NASDAQ: SQ) reported its 2021 first quarter earnings. The company remained committed to holding bitcoin as an “...

Apr 28 2021

Former U.S. Regulator Joins Square To Lead Bitcoin Policy

Apr 28 2021 Published at Bitcoin Magazine under tags  business cash app regulations square

Cash App operator Square has hired a former U.S. Chamber of Commerce vice president to lead its Bitcoin policy.Payments giant Square, which supports Bitcoin development through its branch Square Crypto and offers BTC to retail investors through...

Former U.S. Chamber Of Commerce VP Joins Square To Lead Bitcoin Policy

Apr 28 2021 Published at Bitcoin Magazine under tags  business cash app regulations square

Cash App operator Square has hired a former U.S. Chamber of Commerce vice president to lead its Bitcoin policy.Correction, April 29, 2021: This article was originally published suggesting that Julie Stitzel is a former regulator. Rather, she is a former vice president at a regulatory advocacy group. The article has been corrected to reflect that.Payments giant Square, which supports Bitcoin...

Apr 22 2021

Cash App Raises Minimum Bitcoin Withdrawal To 100,000 Sats

Apr 22 2021 Published at Bitcoin Magazine under tags  business cash app square

A raise to the Cash App bitcoin withdrawal minimum suggests increasing transactions and fees were becoming a burden.Square’s Cash App has raised its minimum withdrawal minimum to .001 bitcoin (100,000 satoshis), up from the previous minimum of .0001 bitcoin (10,000 satoshis). According to the Cash App withdrawal instructions...

Mar 17 2021

Cash App Users Can Send and Receive Bitcoin Within the App for Free

In brief: Users of Cash App can now send and receive Bitcoin to other users within the app without incurring transaction fees This means that they can send Bitcoin in a manner similar to sending fiat Such a move by Cash App is bound to increase the use and adoption of Bitcoin Retail investors bought more Bitcoin than institutions this quarter through Paypal...

Feb 11 2021

Building Black Wealth With Satoshis and Cash App

Feb 11 2021 Published at CoinDesk under tags  black history month cash app opinion people

For decades, the financial system has been rigged against Blacks. Today, there is an alternative that removes barriers to wealth creation.

Feb 02 2021

Cash App Users Blocked From Buying AMC, Nokia Stocks

Feb 02 2021 Published at Crypto Briefing under tags  cash app markets wallstreetbets

Cash App released a statement earlier today stating that Axos, the app's clearing broker, is now subject to a 250% increase in capital requirements, temporarily blocking the app from fulfilling AMC and Nokia (NOK) purchases. Cash App Blames Clearinghouse for Trading Halt Cash App stated that Axos, its clearing broker, now needs to...

Jan 07 2021

Bitcoin Magazine’s Guide To Exchange Scaling Support

Bitcoin exchanges are the single most popular method for acquiring BTC, offering marketplaces where users can transfer fiat or digital currencies for sats. For more information on bitcoin exchanges, visit our guide. But not all exchanges are created equal — some are decentralized, some adhere to strict KYC/AML requirements and some protect...

Dec 20 2020

Square’s Cash App Now Lets Customers Get Bitcoin Back on Purchases

Dec 20 2020 Published at CoinDesk under tags  bitcoin cash app markets news paypal

Previously, Cash App had only allowed clients to get U.S. currency back on transactions.

Nov 30 2020

Bitcoin Trading Fees on PayPal, Robinhood, Cash App and Coinbase: What to Know

Nov 30 2020 Published at CoinDesk under tags  bitcoin business cash app coinbase paypal

With bitcoin’s price hitting a new all-time high on Monday, retail investors will inevitably want to get in on the original crypto asset.

Nov 23 2020

A Bitcoin Shortage? PayPal and Cash App Buying More Than 100% of New Supply

Nov 23 2020 Published at CoinDesk under tags  bitcoin supply cash app paypal people podcasts

When demand from these two sources alone exceeds the entire supply of newly minted bitcoins, expect serious supply pressure to follow.

Nov 08 2020

Square Announces BTC Revenue Growth – Cash App Generated $1.63 Billion in BTC Revenues in Q3 2020

Square made headlines in the cryptocurrency markets on Thursday as it announced that it recorded $1.63 billion in Bitcoin revenues through the Cash App in Q3 2020. According to Square's data, the gross profit from Cash App’s Bitcoin feature for the period mentioned above was $32 million.

Oct 22 2020

PayPal Brings Users To Bitcoin, But Not The Bitcoin Network

Oct 22 2020 Published at Bitcoin Magazine under tags  adoption cash app paypal

News broke on the morning of October 21 2020, that PayPal would grant its users the ability to purchase, sell and hold bitcoin within its app. PayPal’s stock price rose 4.65 percent on the news, and the bitcoin price continued its rise from $11,400 to $12,700 by midday. There is no denying that PayPal is a monster in the mobile and digital payment...

Oct 08 2020

Jack Dorsey’s Square Inc Invests $50 Million in Bitcoin (BTC)

Oct 08 2020 Published at Coingape under tags  bitcoin bitcoin news btcbrl btcbusd btcdai

In a major announcement on Thursday, October 8, Jack Dorsey-backed Square Inc. (NYSE: SQ) announced that they have invested a massive $50 million in Bitcoin. With the total purchase amount of 4,709 BTC, the purchase happened at...

Oct 03 2020

Ethereum’s Vitalik: More People Should Support ETH for Payments

Quick take: Ethereum's Vitalik Buterin has recommended that more people should support Ethereum for payments He cites that supporting ETH, opens the doors to a whole list of ERC20 tokens that can also be integrated into payment platforms such as MKR, UNI, WBTC and Stablecoins In terms of speed and fees, he explains there are already several layer-2 scaling solutions deployed on the...

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