Bitcoin Price Chart History Cryptocurrency Prices.
Square’s cash app, which is used for payment among friends, is testing the ability to buy and sell bitcoin, a benefit that could make bitcoin easy to trade for a huge swath of the population, particularly younger consumers. Square’s cash app is one of the fastest and easiest ways to pay people, as the service is free and the transaction is completed almost immediate. Square Cash recently surpassed Venmo as the most frequently downloaded financial app on both Android and Apple phones, according to Apptopia, Forbes reported. Square shares jumped more than 4 percent Wednesday as one Wall Street firm was quick to recommend the stock following this potential development, CNBC reported. Later in the day, it was trading at .49, up 1.9 percent. Square enables sellers to accept card payments and also provides reporting and analytics, next-day settlement and chargeback protection. Square’s point-of-sale software and other services help sellers manage inventory. Users with access to the bitcoin beta can swipe from the Square cash card page to buy or sell bitcoin, according to Tech Crunch. The page shows a balance in both BTC and USD along with bitcoin’s performance over the last day, month or year. The Square action signals bitcoin trading for mainstream traders. Square CEO Jack Dorsey has cited trading as a key motivator for people interested in profiting from bitcoin, which has been soaring in value. Dorsey, in a recent interview with The Verge, recalled being asked by numerous people how to buy bitcoin.
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