What can Bitcoin do to earnings statements? Quite a lot, apparently. In its earnings report Thursday, payments company Square revealed that it generated $2 million in profit from its Cash App due to a rise in sales from an increase in Bitcoin’s price. The app allows users to buy, sell, and deposit Bitcoin. Jack Dorsey, CEO of the company and Twitter co-founder, told analysts that … Continue reading Payments Company Square Loves Bitcoin
Twitter co-founder Jack Dorsey holds a special place within the cryptocurrency community. Square, Dorsey’s fintech firm, was among the first companies to embrace Bitcoin and cryptocurrencies. Asked about the reason for his enthusiasm for Bitcoin, he likened it to a currency for the Internet. He reiterated that worldview in a recent interview with online publication Quartz. “…If you consider the Internet to be the equivalent … Continue reading Twitter Co-Founder Jack Dorsey Says Bitcoin Could Become Internet’s Global Currency
