Jack Dorsey’s Cash App to Introduce Stablecoin Payments on Solana
Cash App, founded by Bitcoin maximalist Jack Dorsey, will integrate USDC payments within the Solana ecosystem.A mobile payment service developed by Square, Inc.
Jack Dorsey’s Cash App to Introduce Stablecoin Payments on Solana
Cash App, founded by Bitcoin maximalist Jack Dorsey, will integrate USDC payments within the Solana ecosystem.
US Prosecutors Investigate Jack Dorsey’s Square and Cash App for Suspicious Crypto Transactions
The US federal prosecutors are scrutinising the financial operations of the cryptocurrency divisions of Jack Dorsey’s company, Block, for compliance with regulations. This was reported by NBC News, citing sources. According to these sources, the divisions Square and Cash App are suspected of long-standing and widespread compliance procedure violations, which allegedly allowed the companies to […]
Block posts $2.42 billion from bitcoin sales in the quarter
In the second quarter of 2023, Block's revenue from Bitcoin sales via the Cash App amounted to $2.42 billion. The transactions generated gross profit of $45 million for the payments company.
Block earns $2.39 billion from bitcoin sales in the second quarter of 2023
In the second quarter of 2023, Block's (formerly Square) revenue from selling bitcoin through the Cash App amounted to $2.39 billion. The transactions generated gross profit of $44 million for the payments company.
Block posts $2.2 billion in bitcoin sales for the quarter
In the first quarter of 2023, Block's revenue (formerly Square) from bitcoin sales via the Cash App amounted to $2.16 billion. The operations yielded gross profit of $50 million.
Cash App Adds Bitcoin Payments via the Lightning Network
Users of Block's Cash App mobile app can now send and receive bitcoin via the Lightning Network (LN).
Block posts $1.79 billion from bitcoin sales in the quarter
In the second quarter of 2022, Block's (formerly Square) revenue from bitcoin sales through the Cash App amounted to $1.79 billion. The operations generated gross profit of $41 million for the payments company.
Block posts $1.73 billion from bitcoin sales in the quarter
In the first quarter of 2022, Block (formerly Square) generated $1.73 billion in revenue from selling bitcoin through the Cash App. The operations delivered gross profit of $43 million for the payments company.
ARK Invest’s Cathie Wood exits PayPal shares
ARK Invest liquidated its position in PayPal shares. The CEO of the asset-management firm, Cathie Wood, explained this move in an interview with CNBC, citing greater confidence in the prospects of Block's Cash App.
Cash App adds auto-investing features for Bitcoin
Users of the Cash App from Block (formerly Square) gained the ability to automatically convert part of direct deposits into Bitcoin. The company announced this at Bitcoin 2022.We use cookies to improve the quality of our service.
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