Tagged: jack dorsey

COVID-19 Relief: Payments Giant Square to Add Feature Allowing Users to Directly Access Stimulus Funds from their Cash App Accounts

The US Internal Revenue Service (IRS) confirmed on April 10, 2020 that it would be providing a tool for eligible American citizens and residents who don’t normally submit tax return documents, so that they can get access to government Coronavirus (COVID-19)-related stimulus funds. Soon after… Read More

Coinbase Claims Retail Investors Purchased Large Amounts of Bitcoin (BTC) During Last Month’s Crypto Market Crash

San Francisco-based digital asset exchange Coinbase claims that retail customers purchased Bitcoin (BTC), the flagship cryptocurrency, the most during the March 2020 market crash. As noted in a report from Coinbase (released on March 31, 2020), customers usually purchase about 60% more than they sell…. Read More

COVID-19 Response: Square and Venmo’s Parent PayPal are Talking to US Government About Using their Apps to Deliver Stimulus Payments to Americans

Payments company Square (NYSE:SQ) and Venmo’s parent firm PayPal (NASDAQ:PYPL) are reportedly holding discussions with the US government about potentially using their applications to provide much-needed stimulus payments to American citizens, following the global Coronavirus (COVID-19) outbreak. The new service being proposed by Square and… Read More

Digital Bank: Square Financial Services, Receives FDIC Approval for its Deposit Insurance Application

Square Financial Services, the de novo industrial bank established by payment services firm Square, has received conditional approval from the Federal Deposit Insurance Corporation (FDIC) for its deposit insurance application. The approval gives Square permission to introduce banking services, which it’s reportedly planning to launch… Read More

Jack Dorsey’s Payments Firm Square Releases Q4 2019 Earnings Report, Reveals Record-Breaking Quarter for Bitcoin Transactions

San Francisco-based Square, Inc. (NYSE:SQ), a payment and mobile financial service provider, has released its Q4 2019 earnings report, which notably highlights a record-breaking quarter for Bitcoin (BTC)-related transactions. Square’s management revealed that the company handled over $178 million in BTC purchase volumes during the… Read More

Twitter CEO, Jack Dorsey, Developing “Bluesky,” an, “Open, Decentralized Standard for Social Media” Called

Twitter CEO, Jack Dorsey, announced on Twitter December 11th that the company, “is funding a small independent team of up to five open source architects, engineers, and designers to develop an open and decentralized standard for social media…We’re calling this team @bluesky.” “The goal,” said Dorsey,… Read More

CoinList Announces Launch of Crypto Exchange – CoinList Trade, Receives $10 Million Investment from Polychain Capital & Jack Dorsey

CoinList, an offshoot from the team that created AngelList, is launching a compliant cryptocurrency exchange – CoinList Trade. The company called the move a “natural next step” that will allow secondary trading of tokens as well as seamless distribution. CoinList has been a leader in… Read More

Mobile Payments Firm Square Is Preparing to Add Stock Trading to Company’s Cash App

San Francisco-based mobile payments company Square is testing a new feature that allows users to trade stocks through the company’s Cash App.  Square’s employees have been testing out the newly integrated feature, according to Bloomberg. Once it has launched, Cash App users will reportedly be… Read More

Report: Jack Dorsey Has No Plans to Issue “Twitter Coin”

Jack Dorsey has reiterated his support for Bitcoin in an interview with The Sydney Morning Herald, and says Twitter has no plans to create a private digital currency for that network. “I think open Internet standards serve every person better than ones controlled or started… Read More

Jack Dorsey, Twitter and Square CEO, Talks Up Company’s Nascent Crypto Development Team

Jack Dorsey, self-taught programmer and co-founder of Twitter and Square gave two interviews this week in which he talked up Square’s recent efforts to coalesce an in-house team of developers that will contribute to coding Bitcoin and possibly other cryptocurrencies. Square began by providing credit… Read More

Millennials Using Phone Payment Apps Make Worse Money Decisions

Mobile payments is one of the hottest sectors in Fintech. Venmo and Square/CashApp have battled for years over the hearts and minds of millennials, with CashApp recently declaring victory– thanks in part, some say, to its pioneering incorporation of Bitcoin trading into the app. In May,… Read More

Twitter and Square CEO Jack Dorsey Says He Hopes Bitcoin Becomes the Internet’s Native Currency

The CEO of Square and Twitter, Jack Dorsey, has seemed to intimidate the importance of an imminently functioning fast settlement layer for Bitcoin if it is to become the Internet’s native currency. Dorsey was interviewed at the Consensus Conference May 16th in New York by… Read More

Square Enters Into Definitive Agreement to Acquire Weebly

Last week, Jack Dorsey’s Square announced it has entered into a definitive agreement to acquire Weebly. The company reported it will pay a mix of cash and stock of approximately $365 million, which will include Square restricted stock units for Weebly’s founders and employees that… Read More

Everybody is Doing It: Square is Adding Bitcoin to its Cash App

Jack Dorsey, founder of Square and Twitter, revealed in a tweet that Square’s Cash App is rolling out Bitcoin for its users;   Turning on Bitcoin for a lot more cash app folks right now https://t.co/LrozU7fXps — jack (@jack) December 6, 2017 Blockchaiiiiinnnnn. We’re rolling… Read More

Jack Dorsey’s Square Comes Full Circle, Moves into Banking; Jacqueline Reses Selected to Lead New Bank

The word on the street is that Jack Dorsey’s Square (NYSE: SQ) is moving into banking business with an application to form a wholly owned bank based in Utah. The unit, to be called Square Financial Services Inc., would offer loans and deposit accounts to small… Read More

BBC: Fintech Provides Better Choices & Services, Enter Monzo, Square (Video)

In this brief video entitled “FinTech How technology is changing the world of finance,” BBC Newsnight spotlights some problems facing SMEs when it comes to collecting payments. Fees overwhelm. Payments delayed. Fintech maverick, Crowdcube campaigner and Monzo CEO Tom Blomfield addresses how lack of competition allows brick… Read More

Square Lends $153 Million in Q1 During Challenging Credit Market Conditions

Square, the point of sale payment system that many small business now use, reported Q1 earnings results this past week. Square co-founder and CEO Jack Dorsey delivered disappointing numbers as the first quarter loss jumped to $98 million up from the year prior number of… Read More

Smartphone App STAND Raises $2.25M During Seed Funding Round; Names Twitter’s Co-Founder Biz Stone as Chairman of the Board

On Thursday, photo-friendly smartphone app, STAND,  announced it has raised $2.25 million seed funding round, which was led by Resolute Ventures, with participation from Silicon Valley influencers including Jack Dorsey, Twitter/Square; Greylock Discovery (Josh Elman); Fresco Capital (Tytus Michalski and Stephen Forte); Meng Tan, Google; Doug… Read More

HealthiosXchange: Equity Crowdfunding For The Health Care Sector

HealthiosXchange is a crowdfunding platform launching this month that focuses on the health care industry. It’s no secret that the health care industry is an important one here in the states. According to the US Census, the US health care sector as a whole garnered… Read More

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