Square doubles bitcoin revenue
Square doubles bitcoin revenue, generating 125 million via cash app in q2. The companys total net revenue for the second quarter grew 44 from one year ago.
Square doubles bitcoin revenue, generating 125 million.
Cobinhood launch fiat trading. One of the revenue areas contributing to squares results was bitcoin.
Square attributes the surge in bitcoin revenue to bitcoins recent bullish run. Once it saw the demand, it started accepting bitcoin deposits in 2019.
Squares cash app doubles its bitcoin-generated revenues.
Square, a mobile payment startup, on thursday reported that it generated 125 million in revenue in the second quarter of 2019 from bitcoin sales through its cash app. Amir taaki tried.
Bitcoin price finds. The bitcoin-related revenue figure almost doubled compared to the previous quarter, as in q1 2019, the company reported 65.
During the quarter, bitcoin revenue benefited from increased volume as a result of the increase in price of bitcoin, and generated 2 million of gross profit, the letter states. Home blockchain assets terra.
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Square generated 125 million in bitcoin revenue in q2 2019 through cash app, double what it made during the previous quarter. Square started offering barebones bitcoin trading services in 2018, where users could buy, sell and withdraw btc.
Leo dicaprio invests in technology that can grow hundreds of real diamonds. Payments company square (nyse sq) has generated 125 million in bitcoin (btc) revenue in the second quarter of 2019 through its mobile payments service cash app.