Payments Platform Square Sold $1.63 Billion in Bitcoin (BTC) via Cash App, Made $32 Million in Gross Profits in Q3 2020

Square (NYSE:SQ), a popular payments platform, confirmed on November 5, 2020, that it had sold around $1.63 billion in Bitcoin (BTC) via its widely-used Cash App during Q3 2020. Square’s management reported gross profits of about $32 million from Bitcoin transactions (for the third quarter… Read More
Read more in: Blockchain & Digital Assets, Fintech | Tagged bitcoin, btc, cash app, Crypto Transactions, earnings report, financial report, square