Home Blockchain News Square’s Surging Bitcoin Business Will Restore Confidence in Crypto

Square’s Surging Bitcoin Business Will Restore Confidence in Crypto

by Rss Feed from web
191 views
cryptocurrency news feed

Square, the $31 billion payments giant, processed over $166 million in Bitcoin purchases throughout 2018. Square Bitcoin Revenue Eclipses $50 Million in Q4 According to the firm’s Q4 shareholder letter, Square processed the sale of $52.4 million in Bitcoin in the fourth quarter of last year, up nearly two-fold from its previous quarter. The relatively high Bitcoin sales figure from Square follows an annual report released by Grayscale, a subsidiary of Digital Currency Group, which revealed that $359.5 million was poured into Grayscale’s crypto investment products by accredited investors during 2018. Two-thirds of the $359.5 million, around $237.5 million, came

The post Square’s Surging Bitcoin Business Will Restore Confidence in Crypto appeared first on CCN

Click To Read Full Article

* First published on ccn.com

Related Posts

Leave a Comment