San Francisco-based payment service app Square is planning to extend its support for Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term and might facilitate consumer-to-merchant Bitcoin Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term soon.

Square Cash Offering New Opportunities

The prospect was revealed by Jack Dorsey, CEO of Square and Twitter, on a private media call with Market Watch after publicly posting Square’s quarterly performance report. Mr. Dorsey said: “Bitcoin, for us, is not stopping at buying and selling. We do believe that this is a transformational technology for our industry, and we want to learn as quickly as possible.” He also believes that Bitcoin offers "an opportunity to get more people access to the financial system". In November 2017, Square integrated Bitcoin trading on the Square Cash app platform and the results of that move are clearly reflected in the firm's quarterly report. The company’s total net revenue and adjusted revenue for 2017 Q4 significantly increased compared to the previous quarter of the same year. An excerpt from the quarterly report noted: “Additionally, customers can now buy and sell Bitcoin in Cash App. We observed that this was a feature our customers wanted, and we support Bitcoin because we see it as a step in the long-term path toward greater financial access for all.”

Instant buying (and selling, if you don’t want to hodl) of Bitcoin is now available to most Cash App customers. We support Bitcoin because we see it as a long-term path towards greater financial access for all. This is a small step.

Investors can wake up to a 15 cash app notification, also taking advantage of personalized cash cards. For investors and users, Square Cash's personalized cash card allows individuals to buy Bitcoin, send and receive money, or utilize direct deposit for you bank account to hit up the ATM.

With a cash app that lets you decide how to allocate your hard earned money, the world is at your fingertips. Users can enjoy the comfort of their own home, even enjoying their coffee while they cash out instantly with another bank or enjoy pizza you shared sending money using Square Cash. With Square Cash, the cash app lets you decide how to spend and allocate your money.

We also made this! https://t.co/z3u0liDNk4

— jack⚡️ (@jack) January 31, 2018

Moreover, Square, after years of operation, revealed the number of customers on its platform for the first time, showing that the Cash platform has topped 7 million users in December, just after the introduction of Bitcoin trading services. The report also revealed that the customers using Square Cash debit card spent more than $90 million. CNBC quoted Paul Condra, an analyst at Credit Suisse: “We believe bitcoin and other crypto sales represent a potential mid/long-term growth opportunity for Square and we are positive on the strategy. This strategy could also drive greater adoption of Square Cash and we note SQ is well positioned to potentially facilitate crypto-payment purchases at Square merchants at some point in the future.”