Square is starting to take on the look of a full service bank as their Cash App has helped to...
Square has started to allow some of its Cash mobile app users to buy and sell the cryptocurrency through the app; a Square spokesperson said, “We’re exploring how Square can make this experience faster and easier, and have rolled out this feature to a small number of Cash app customers,” as reported by Crowdfund Insider. Source.
Square has been one of the best performing fintech companies during the pandemic and their stock has risen to record...
The journey has been two and a half years in the making; Square has now officially received approval from regulators...
Ron Shevlin digs into Square and why the company and its stock price continues to do very well; he looks...
Square has unveiled a fully fledged online storefront for its sellers signifying its first major foray into e-commerce; until now...
Square continues their push into banking by offering a new debit card to business owners; “We now offer all sellers...
“Bitcoin, for us, is not stopping at buying and selling," Square CEO Jack Dorsey told analysts on their earnings call as reported by Business Insider. "We do believe that this is a transformational technology for our industry and we want to learn as quickly as possible."; bitcoin has yet to effect Square’s earnings as they have only recently started crypto payments; they currently include a margin to account for the volatility of bitcoin; shares were down slightly after releasing earnings. Source.
With the exception of those who reside in few states, users of Square’s Cash payments app can buy and sell bitcoin; users are limited to purchasing $10,000 in bitcoin per week; Square will not add fees to bitcoin transactions and uses the major exchanges to calculate prices. Source
Square CEO Jack Dorsey tells Fast Company that they are moving full speed ahead with their banking license; Dorsey was recently in New York to unveil Square Register, a hardware device; the company has been lending to merchants since 2014; SoFi recently withdrew their banking application following the scandal surrounding Mike Cagney; a timeline for the application is not known. Source