Tagged: square

Fintech Square Cash App Users Now Able to Send Instant Bitcoin Payments for Free

Payments company Square’s (NYSE:SQ) Cash App now allows users to complete Bitcoin payments without having to pay transaction fees. You can now instantly send bitcoin to other $cashtags for free, right from your Cash App. To celebrate, we’re giving out $1 million in BTC. To… Read More

Restaurant Online Ordering System Menufy Announces Integration With Square

  Menufy, a commission-free, online ordering system for independently owned restaurants and small chains in the U.S., announced on Tuesday it has integrated with Square to help businesses increase their digital ordering volume. Through the integration, restaurateurs that use a Square for Restaurants point-of-sale (POS)… Read More

Cash App from Square, Venmo from PayPal are Benefiting from Increased Use of Digital Wallets by Millennials, Analysts Explains

Catherine Wood, Founder, CEO, and CIO of ARK Investment Management LLC, an investment management company that managed the largest actively-managed exchange-traded fund (ETF) last year, recently commented on Fintech industry developments and shared her views regarding future growth opportunities. Wood, who previously worked at Jennison… Read More

Acquisition of Jay-Z’s Tidal by Square to have No Material Impact on Fintech Firm’s Revenue, Company Says, as Analyst Breaks Down the Deal

Rob Walker, a Senior writer at Marker on the intersections of design, consumer culture, branding and business, is asking whether Jack Dorsey is playing Jay-Z, or is the billionaire hip-hop artist and entrepreneur playing the Twitter and Square CEO? Walker, a longtime NYT contributor and… Read More

Fintech Square Acquires Majority Stake in Tidal in Strategic Shift

Square (NYSE:SQ), a top publicly traded Fintech, has acquired a majority stake in the music streaming service TIDAL. Square founder and CEO Jack Dorsey revealed the investment via Twitter, another company where he is CEO and founder.   Square is acquiring a majority ownership stake… Read More

Square Announces Financial Services to Begin Banking Operations

Payment company Square Inc (NYSE:SQ) announced on Monday its industrial bank, Square Financial Services, has begun operations after completing the charter approval process with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions. According to Square, Square Financial Services is an… Read More

Dan Dolev from Mizuho Says Fintechs like PayPal and Square have P2P Payments Edge Against Large Banks

Dan Dolev, Mizuho senior Fintech Analyst, recently commented on who he thinks might be the long-term “winners” in payments and the wider financial technology space. Dolev, who shared his views and insights with Yahoo Finance, noted that Square is “all about the terminal value.” He… Read More

Payments Company Square Acquires an Additional $170 Million in Bitcoin (BTC) to Boost its Corporate Treasury

Payment company Square Inc (NYSE:SQ) has invested an additional $170 million in Bitcoin (BTC). Square and Twitter CEO Jack Dorsey confirmed on Tuesday (February 23, 2021) that it was time to “double down” on the firm’s commitment to the world’s largest digital currency (in terms… Read More

BitPay Says Fintechs Square and PayPal will Drive Bitcoin and other Cryptos to Become Globally Accepted Payment Method

The team at BitPay, a blockchain payment technology firm that allows users to accept and send Bitcoin and other cryptocurrencies, notes that even though 2020 was a “rollercoaster of a year for the world,” digital currency remains at the “forefront” of the future of finance…. Read More

Twitter and Square CEO Jack Dorsey Expresses Concerns Regarding FinCEN’s Proposed Bitcoin and Crypto Regulations

Payments company Square‘s (NYSE:SQ) Jack Dorsey has expressed concerns regarding recently proposed Bitcoin (BTC) related regulations. The bitcoin regulations proposed by FinCEN give few useful powers to regulators, greatly roll back economic freedoms while pointlessly surveilling law-abiding people, and create databases of info about who… Read More

The Time of COVID: The Biggest Fintech Stories of 2020

2020 was a challenging year for the entire world. The ongoing health crisis surprised everyone as the world dove into a pandemic, pummeling the global economy and impacting everyone. In many respects, Fintech emerged as a beneficiary of COVID-19. Digital transformation of financial services were… Read More

Bitcoin (BTC) Investment Thesis Matured in 2020 due to COVID-19 which led to “Unprecedented” Macro Policy: Report

Kinjal Shah, a Senior Associate at San Francisco-based Blockchain Capital LLC, a VC and private equity firm that’s focused on the blockchain or distributed ledger technology (DLT) sector, notes that research shows that only around 34% of Americans still have a “fair amount of trust”… Read More

Fintech Startups are “Unbundling” Bank of America’s Front Office, as Lender’s Profits Decline 16% YoY: Report

Research firm CBInsights has released a new report titled, Unbundling Bank Of America: How The Traditional Bank Is Being Disrupted. The report looks at mortgages, Robo-advisors, trading software, and also examines how Fintech firms have been trying to “unbundle” Bank of America’s front office. According… Read More

Payments Platform Square Unveils Plans to be Net-Zero Carbon For Operations By 2030

Payments platform Square announced on Tuesday its plans to become net-zero carbon for operations by 2030, including its primary Scope 3 emissions. The company furthe revealed the launch of its Bitcoin Clean Energy Investment Initiative, where it has committed $10 million to support companies that help drive… Read More

Bitcoin (BTC) Price has been Surging at the Time US Equity Markets have Been Open as Institutional Interest Grows: Report

During the past few weeks, Ari Paul, CIO at BlockTower Capital, and Luke Martin, a prominent digital asset trader, have noted that Bitcoin’s (BTC) upward price movements since late October 2020 have mostly taken place during US market hours. A report from Coin Metrics points… Read More

Digital Payments Companies PayPal and Square have Acquired Over 100% of All Newly Minted Bitcoin (BTC): Report

Paypal (NASDAQ: PYPL) has reportedly acquired as much as 70% of all the newly mined Bitcoin (BTC) since the payments company began allowing users to purchase digital currencies. These estimates have been provided by Pantera Capital, a prominent hedge fund management firm. The company published… Read More

Italian Mobile Payments Firm Satispay Secures €93 Million from Share Sale to Square, Tencent, Others

Italian mobile payments firm Satispay has secured €93 million (appr. $110.5 million) in capital from a share sale to several different investors which includes payments company Square (NYSE:SQ), tech giant Tencent (HKG: 0700), LGT Lightstone and TIM Ventures. Satispay’s investment round consisted of €68 million… Read More

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

Square Announces General Availablity of New Developer Tool “Terminal API”

Payments platform Square announced on Thursday the general availability of its newest developer tool, Terminal API. According to Square, the new API enables developers to connect Square Terminal, an all-in-one card payments device, to their POS, ERP, or practice management system, regardless of the platform or… Read More

Digital Wallets are Being Added at an Exponential Rate with PayPal’s Venmo and Square’s Cash App Onboarding Millions of Consumers: Report

Digital or online wallets are adding new users at an exponential rate, according to a recent report from ARK Invest. The report revealed that PayPal’s Venmo and Square’s Cash App have managed to onboard around 60 million users organically in the past 10 and 7… Read More

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