Tag Archives: square

Square Generates $43 Million in Bitcoin Revenue in Q3, Profits Reach $500,000

Mobile payments and merchant services provider Square, Inc. has revealed its Q3 revenue report, and with it has shared some positive growth in Bitcoin-related revenue. Square Shows Steady Continued Growth in Bitcoin Revenue According to Square’s third quarter 2018 revenue report, the mobile payment firm generated $431 million in adjusted net revenue – beating FactSet analyst projections of… Read More »

$43 Million in Bitcoin Trades Help Square Beat Q3 Earnings Estimates

Advertisement Twitter Facebook LinkedIn Square, the merchant payment service provider which thrives on its mobile card readers and applications, has posted its third-quarter shareholder report, and it includes $43 million in bitcoin revenue. Slim Margins on Bitcoin Overall, they’ve made 51 percent more than they did last year up to this point, and revenue is 68 percent better… Read More »

Square’s Bitcoin Revenue Increases by $6 Million in Q3, Profits Top $500,000

U.S. financial services company Square revealed it generated $43 million in Bitcoin (BTC) revenue for Q3 2018 in its most recent shareholder letter Nov. 8. Presenting a digest of its total earnings and financial activities, Square, which introduced Bitcoin support in its Square Cash payment app earlier this year, saw cryptocurrency revenue grow by a total of $6… Read More »

Cryptocurrencies start contributing as Square earning beats street estimate

It was all joys for Jack Dorsey’s Bitcoin-integrated financial services company Square as they received two stunning news – First being it took over Twitter (Jack’s other company) in market cap $30 billion to $25 billion and Second being that the company delivered stellar quarterly results beating street estimates. One thing worth noticing here was cryptocurrency business did… Read More »

Square Surpasses Twitter in Market Capitalization

Jack Dorsey’s social media platform Twitter has been outperformed by his other company – the financial services provider Square. A Strategic Move Jack Dorsey’s Bitcoin-integrated financial services company Square has more than doubled its value since it allowed users to buy and sell Bitcoin (BTC) 00 back in 2017. According to data from Yahoo Finance, the company’s share… Read More »

Bitcoin Beats Twitter, Jack Dorsey’s Square Market Cap Reaches $30 Billion

It appears that Jack Dorsey is once again winning at his own game. Dorsey, who owns both Twitter and Square, has often had his companies compared to one another in terms of market value. Twitter was usually the one to lead, but the popular social media network has lost to the mobile and merchant payment app. Square Cash… Read More »

Jack Dorsey’s Payments Startup Square Open-Sources Bitcoin Cold Storage Solution

San Francisco-based mobile payments firm Square announced it is open-sourcing its Bitcoin cold storage solution, which is now available on Github. Mobile Payments Startup Square Open-Sources Hardware Security Modules (HSMs) and Wallet Auditing Tool The company founded by Jack Dorsey, who is also CEO of Twitter, has built out its cryptocurrency infrastructure when it started offering Bitcoin payments… Read More »

Square Open-Sources Subzero Bitcoin Cold Storage Solution

Square invested both time and money into a bitcoin cold storage solution to support trading through its Cash app. Realising that this work could help others in the community, Square today released the entire GitHub repository as open-source. Hardware Security Modules Whilst Cash users can buy, sell and withdraw bitcoin through the app, the bitcoin 00 actually remains with Square in… Read More »

Square Open-Sources Bitcoin Cold Storage System

Advertisement Square, the digital payments giant that last year rolled out bitcoin trading through Cash App, its peer-to-peer mobile finance service, has open-sourced the system that the firm uses to manage cold storage for these cryptocurrency assets. Announced in a blog post penned by Square security engineer Alok Menghrajani, the company said that it chose to make the… Read More »

Payments Company Square Open-Sources Its Bitcoin Cold Storage Tool

U.S. payments processing company Square open-sources the code, documentation, and tools for its Bitcoin cold storage solution