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FinTech
Square Taps into the Canadian Market with iPhone Payment Feature Launch
2024-05-23T18:15:39.829+02:00
The feature is included in iOS apps like Point of Sale, Retail, and Appointments.
Sellers open the app, add the transaction, and buyers complete payment by tapping their contactless method.
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FinTech
Dorsey's Block Stuns with Q4 Earnings Beat, Shares Skyrocket
2024-02-23T10:08:43.869+02:00
The company's earnings exceeded estimates, driving shares up 14% in after-hours trading.
Surprise profit and strong Cash App growth propel Block's optimistic financial outlook.
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FinTech
Block's Big Trim: Dorsey's Firm Initiates Cost-Cutting Layoffs
2024-01-31T12:32:41.815+02:00
Fintech begins layoffs as part of cost-cutting, aiming to reduce staff to 12,000 by 2024.
Block's stock remains stable despite layoffs, and analysts see cost focus as beneficial.
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FinTech
Square Partners with Jane Technologies to Enter Canadian Cannabis Market
2023-09-21T07:01:30.615+02:00
Square focuses on stability through strategic entry and expansion plans.
US health officials signal a potential for broader marijuana legalization.
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News
Block Generates Gross Profit of $1.29 Billion in Q1 2022
2022-05-06T08:44:57.322+02:00
The total net revenue decreased 22% YoY in the first quarter.
Cash App generated $2.46 billion worth of revenue.
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Bilal Jafar
News
Square Disappoints with Q3 Results as Bitcoin Demand Falls
2021-11-05T09:15:12.000+02:00
The share price of the company decreased by over 3 percent in after-market trading.
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Arnab Shome
News
Square Plans to Acquire Australia’s Afterpay in $29 Billion Deal
2021-08-02T11:10:06.000+02:00
The closing of the transaction is expected in the first quarter of 2022.
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Bilal Jafar
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Fintech Company Plaid Announces Partnership with Square
2021-05-21T11:17:25.000+02:00
The new collaboration will allow US merchants to easily process ACH payments.
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Bilal Jafar
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Thought Leaders
5 Fintech Brands Dominating Crypto
2021-03-12T11:34:26.000+02:00
5 fintech companies have not only successfully transitioned into the digital asset domain but are also dominating it.
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Finance Magnates Staff
News
Bitcoin's Future: What Effect Is Wall Street Having on BTC?
2021-02-25T13:35:03.000+02:00
Bitcoin purchases by Microstrategy and Square may have stopped BTC's downward trajectory. But, what is next?
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Rachel McIntosh
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Square Crypto to Fund Designer with Mission to Improve BTC Wallet Usability
2020-11-02T08:17:58.000+02:00
Maggie Valentine has been named as one of the recipients of a number of Square Crypto grants.
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Coins
Square Makes Massive Bet on Bitcoin, Buys 4K BTC Worth $50 Million
2020-10-08T21:02:38.000+02:00
Square founder Jack Dorsey repeatedly shared his enthusiasm for Bitcoin, saying it will be the world’s single currency.
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News
Square’s Bitcoin Revenue Tops Fiat Figures for Q1 2020
2020-05-07T08:58:26.000+02:00
Cash App brought in $7 million in profits from Bitcoin sales.
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Institutional FX
Square Capital Approved to Offer Corona Protection Loans
2020-04-14T00:04:02.000+02:00
Square Capital joins PayPal and Intuit QuickBooks who were approved last week to take part in the Paycheck Protection Program.
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Payments
Square to Launch Bank in 2021 Following Merchant Lending Approval
2020-03-19T12:14:00.000+02:00
The company also received the go-ahead from the Utah Department of Financial Institutions.
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Arnab Shome
News
Square’s 2019 Bitcoin Sales Touch $516 Million
2020-02-27T11:45:55.000+02:00
The platform gained $8 million in total last year from BTC sales.
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News
Square Doubles Its Quarterly Bitcoin Sales Revenue in Q2
2019-08-02T11:08:17.000+02:00
The company generated a profit of $2 million from selling Bitcoin.
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Executive Moves
Square Adds Steve Lee to Crypto Team
2019-06-13T09:06:50.000+02:00
The company did not specify his role in the newly formed team.
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Square Records $65 Million in Bitcoin Revenue in Q1 2019
2019-05-02T10:49:16.000+02:00
The profits from the sales were capped at $832,000.
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Twitter CEO Jack Dorsey Launches Open-Source Bitcoin Dev Team
2019-03-22T09:53:17.000+02:00
Dorsey who is also the CEO of Square, says the effort is designed to improve the BTC ecosystem.
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Rachel McIntosh
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News
Square Records $166 Million in Bitcoin Revenue in 2018
2019-02-28T13:22:48.000+02:00
Despite the impressive revenue, the firm pocketed only $1.69 million from BTC sales.
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Payments
Square Refiles Application for US Banking License
2018-12-20T00:34:21.000+02:00
Square had withdrawn its initial application to create a deposit-taking bank in July.
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Square’s Holdings in Eventbrite Balloon from $25M to $62M
2018-11-13T10:11:15.000+02:00
Square's stock prices are dipping in spite of a fairly positive Q3 report.
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Cash App Bitcoin Transactions Now Available in All 50 US States
2018-08-14T12:41:02.000+02:00
Previously, the feature was not available to residents of Georgia, Wyoming and Hawaii.
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Simon Golstein
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News
Square Drops Plans for US Banking License
2018-07-06T19:47:52.000+02:00
The company, which more than doubled in value last year, plans to refile after it bolsters its application.
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See more
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