(Square) Cash App = Bitcoin Trading + Withdrawals 🙌
Less than two weeks after sharing Square’s cryptocurrency profits had doubled in the second quarter, the payments company made the long-awaited announcement on Twitter: users can now use Cash App to buy bitcoin in all fifty states.
The announcement appears to be effective immediately, with users reporting wide availability in tweets.
The move is yet another in a string of moves and statements by Square CEO Jack Dorsey, who has long expressed a bullish view of the cryptocurrency. “The internet will have a single currency. I personally believe that it will be bitcoin,” Dorsey said.
Square, which added bitcoin purchase and sale functionality to its payments app in late 2017, had slowly expanded bitcoin functionality in the time since. The simple mobile interface was made available to users in select states before the payments company acquired a bitlicense from the New York Department of Financial Services and added support in New York state in June. —— Do you use Square’s cash app to buy and sell Bitcoin?