Square, the payment network from Twitter CEO Jack Dorsey, turned more Bitcoin revenue in Q4 2018 than at any time since it began support for the cryptocurrency.


Q4 Beats Bitcoin Record

Data from the company’s Q4 earnings report this week confirmed its Bitcoin sales topped $52 million, beating Q3’s $43 million and far outstripping the $37 million from Q2.

Users of Square’s Cash app have been able to buy and hold Bitcoin since last year, a service which has proven surprisingly popular among the product’s mainstream US consumer base.

The figures are a boon for Dorsey, who this week hinted at impending integration of more Bitcoin technology into Square Cash.

Jack Dorsey Twitter

“For the year ahead we continue to focus on three things and we will continue to strengthen our omni-channel offering,” Dorsey told CNBC in a statement February 27….

Click to continue reading on its source location…

Source: https://thebitcoinnews.com/square-reports-biggest-bitcoin-revenue-to-date-at-52m/