Buying bitcoin on square cash

Payments company Square is rolling out bitcoin deposits for its mobile Cash App. The app, available on both Android and iOS, now supports deposits for at least some users, according to Twitter posts by bitcoiners and a check by a CoinDesk reporter of his own Square account Tuesday. With a flat 1. For smaller BTC purchases, the 1. Filed to: Bitcoin. It seems that Square rounds down in certain instances.

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Jeff Francis Nov buying bitcoin on square cash, Squae acceptance of Bitcoin sqyare set to skyrocket as the Square Cash app is now allowing a select few to buy and sell the digital currency. All that effort is slowly paying off as major financial institutions are getting involved in cryptocurrency, and another huge step has just been taken. News has started to spread that a small number of users of the Square Cash app can now use it to buy and sell Bitcoin. Huge deal if Square customers can soon buy bitcoin, opening up an entirely new market of users and a great UX. The fact that some people can use the Square Cash app to deal in Bitcoin has come as a surprise.

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Some customers of Square’s Cash app have gotten a surprise in the past week. The app, which is used for payments between friends and is a competitor to Venmo, has also given them the option to buy or sell Bitcoin. Just noticed I can now invest in Bitcoin using my Cash app! I seriously think this is my most useful app We’re exploring how Square can make this experience faster and easier, and have rolled out this feature to a small number of Cash App customers. We believe cryptocurrency can greatly impact the ability of individuals to participate in the global financial system and we’re excited to learn more here. Square Cash is piloting a Bitcoin buy and sell feature.

Jeff Francis Nov 15, The acceptance of Bitcoin is set to skyrocket as the Square Cash app is now allowing a select few to buy and sell the digital currency. All that effort is slowly paying off as major financial institutions are getting involved in cryptocurrency, and another huge step has just been taken.

News has started to spread that a small number of users of the Square Cash app can now use it to buy and sell Bitcoin. Huge deal if Square customers can soon buy bitcoin, opening up an entirely new market of users and a great UX. The fact that some people can use the Square Cash app to deal in Bitcoin has come as a surprise.

There was no big announcement beforehand touting this new feature, but the word has gotten out and has started to spread like wildfire. Square has acknowledged the Bitcoin feature of the Cash app, and they issued a statement, saying :.

Jack Dorsey, the CEO of Square and Twitterhas to be grinning from ear to ear with the reaction to this development. He has long been a major proponent of blockchain technology, and he recently discussed in an interview about how a lot of people asked him on a recent trip back home to St.

Louis about how to buy Bitcoin. He said:. I said why do you want to buy Bitcoin, and they said, I heard it was a fast, easy way to make money. The new Bitcoin functionality on the Square Cash app is huge.

Dorsey hinted in the interview above how Bitcoin could be a tool that Square offers to merchants. Many Americans, and others around the world, would be thrilled to make purchases using Bitcoin via the app. As for now, only a small number of users of the Square Cash app can buy, hold, and sell Bitcoin.

What do you think about the Square Cash app allowing people to buy and sell Bitcoin? Is this a huge leap forward in Bitcoin acceptance? Let us know in the comments. Could you be next big winner? I consent to my submitted data being collected and stored. So apparently, it was Christmas this week… Did anybody get any bitcoin? Reports emerged that hackers have demanded bitcoin as ransom from users of vulnerable cameras sold by Amazon and its subsidiary Ring.

Bitcoin is constantly being used as a means of Most people All Rights Reserved. We buying bitcoin on square cash cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy. Share Tweet Send Share. Prev Next. The Rundown. For updates and exclusive offers enter your email. Emilio Janus 50 mins ago.

News Bitcoin Ransom Demanded from Users of Ring Cameras Reports emerged that hackers have demanded bitcoin as ransom from users of vulnerable cameras sold by Amazon and its subsidiary Ring. Ali 20 hours ago. Ali 24 hours ago. I accept I decline. Privacy Center Cookie Policy.

Ubying is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. It is unclear how long Square has been adding the deposit feature; as of press time, buying bitcoin on square cash every Cash App user had the ability to deposit bitcoin. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Get our newsletter Subscribe. With a flat 1. For smaller BTC purchases, the 1. Previously, fees were included in the spread or the markup on the market price. Filed to: Bitcoin.