Tagged: square

June 16, 2020 @ 7:38 am By Samantha Hurst  |  

Payments platform Square announced on Monday it has acquired Spain-based P2P payments app, Verse. Founded in 2015, Verse describes itself as a mobile app that allows users to share payments easily, instantly, and with no hidden fees. “Not only can you pay and receive money… Read More

May 20, 2020 @ 7:48 am By Omar Faridi  |  

Payments company Square‘s (NYSE:SQ) Cash App now lets users schedule automatic Bitcoin (BTC) purchases at specific times, which includes daily, weekly, or bi-weekly options. Cash App’s new feature is called “Auto Invest,” and seems to be based on the concept of dollar-cost averaging, which involves… Read More

May 9, 2020 @ 4:26 pm By Omar Faridi  |  

As US residents continue to stay home, due to lockdowns following the COVID-19 outbreak, many consumers have been purchasing products and services from online merchants (instead of visiting physical store locations). A significant increase in e-commerce activity has led to the adoption of the latest… Read More

May 8, 2020 @ 12:59 am By Omar Faridi  |  

Payments company Square (NYSE:SQ) revealed on May 6, 2020 that it generated $306 million in Bitcoin (BTC) revenue during Q1 2020. Square noted in its latest earnings release to investors: “Bitcoin revenue generated gross profit of $7 million in the first quarter of 2020.”  The… Read More

April 11, 2020 @ 1:10 pm By Omar Faridi  |  

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

April 1, 2020 @ 11:28 pm By Omar Faridi  |  

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

March 31, 2020 @ 7:58 am By Omar Faridi  |  

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

March 19, 2020 @ 7:52 pm By Omar Faridi  |  

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

March 11, 2020 @ 1:54 pm By Samantha Hurst  |  

Payments platform Square recently announced the pricing of $1.0 billion aggregate principal amount of convertible senior notes due 2025 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933. Square revealed that the notes will be senior,… Read More

February 12, 2020 @ 8:40 pm By Omar Faridi  |  

Small and medium-sized enterprise (SME) platform Xero has reportedly made a new technology integration with Square’s software in Australia, in order to allow users to make instant payments of small-business invoices. The new feature will allow small and medium-sized businesses (SMBs) using Square’s platform to… Read More

February 11, 2020 @ 11:32 am By JD Alois  |  

Financial Innovation Now (FIN) represents some of the biggest names in tech when it comes to Fintech. These firms include Apple, Amazon, Google, PayPal, Square, and Intuit. Each of these big tech firms have a strong foothold in providing financial services and many observers expect… Read More

February 11, 2020 @ 10:42 am By Samantha Hurst  |  

Payments platform Square recently announced it has acquired Dessa,  which is described as a Toronto-based company building machine learning applications that address significant “real-world challenges” for all types of businesses.  According to Square, the acquisition of Dessa will help the platform further boost its machine… Read More

February 5, 2020 @ 9:57 am By Samantha Hurst  |  

Transparent Financial Systems, Inc., a U.S.-based startup that’s developing on-demand, 24/7/365, cryptographic settlement solutions, announced on Wednesday it secured $14 million through its Series A financing round, which was led by Pantera Capital with participation from Square, Inc., Future\Perfect Ventures, IDEO Colab Ventures, Digital Currency… Read More

January 8, 2020 @ 7:56 am By Samantha Hurst  |  

Digital payments service Square recently announced its instant transfer fees will be 1.5% per transfer. Square reported that as of January 7, 2020, the rate for instant and same-day transfers from a user’s Square balance to their bank account is changing to 1.5% per transfer…. Read More

December 31, 2019 @ 2:49 pm By Cali Haan  |  

Square (NYSE:SQ), maker of the popular mobile peer-to-peer payments service Cash App, is hiring a Product Manager to build out Cash App’s cryptocurrency investing services. Cash App’s new Product Manager, Crypto Investing, will focus on growth. The successful candidate will have license to, “own the… Read More

November 3, 2019 @ 7:14 pm By Samantha Hurst  |  

Payment process platform Square announced on Friday it has completed the sale of food delivery service, Caviar, to DoorDash. Square reported that Caviar was sold to DoorDash on October 31st for $410 million in a mix of cash and DoorDash stock. “Caviar will be included in… Read More

October 24, 2019 @ 7:14 pm By Cali Haan  |  

Cash App, a mobile payments app developed by Square (NYSE:SQ) that allows peers to transmit money between cellphones, make retail payments, and cash out via credit card, “Cash Card” or ATM, has added stock trading as a feature. The development was announced October 24th on… Read More

September 20, 2019 @ 10:14 am By Cali Haan  |  

Financial services company Square Inc. (NASDAQ:SQ), co-founded in 2009 by Jim McKelvey and Twitter’s Jack Dorsey, has announced three new hires to the company’s Bitcoin-services development division. According to the company, Wallace is a former developer from Lightning Labs, the company behind the Lightning Network,… Read More

September 18, 2019 @ 4:31 pm By Samantha Hurst  |  

Payment process platform Square announced earlier this week its new free tool available to small business owners all over the U.S., the EIN Assistant from Square Payroll.  According to Square, the EIN Assistant simplifies and streamlines the process of filling out the dense, legalese-filled forms required… Read More

September 16, 2019 @ 2:41 am By Omar Faridi  |  

San Francisco-based payments technology firm Square’s Crypto division is giving the first of what will be a series of grants to the BTCPay Foundation, in order to support the development of Bitcoin-related projects. On September 14, 2019, Square Crypto revealed via Twitter that it will… Read More