Twitter CEO Dorsey's Square Cash App Facilitates Bitcoin Trading

Twitter CEO Dorsey's Square Cash App Facilitates Bitcoin Trading

Instant buying (and selling, if you don't want to hodl) of Bitcoin is now available to most Cash App customers.

Square Cash and LINE, two popular mobile apps, have announced that they will support the buying and selling of cryptocurrency on their platforms.

With more players entering the crypto businesses for making it easy for users to trade in cryptos and at a reduced cost, the competition is sure to get intense in the coming days and exchanges which are now sitting on huge cash moolah will have a run-for-their-money in the coming times.

Last week, stock-trading app Robinhood said it would roll out free Bitcoin and etherum trading in five states.

Tom Brady may boycott WEEI over disparaging comment about his daughter
The context: Alex Reimer, one of the show's frequent guests , was discussing " Tom vs". Reports suggest the quarterback is now considering ending his weekly WEEI broadcasts.

The inclusion of Bitcon in the Square Cash application will indirectly encourage merchants to accept Bitcoin as payment, since Square operates on a PoS (Point of Sale) network. There's no limit to the number of Bitcoins users can sell.

"We support Bitcoin because we see it as a long-term path towards greater financial access for all". One Bitcoin now trades for about $10,000. CEO Jack Dorsey says the feature is "the first step" to making bitcoin more widely accessible, so the team also built a beginner's manual for bitcoin to further the effort. "The upside could be significant if cryptocurrencies become more mainstream".

Square Cash beat Apple Pay Cash to enabling sending money over iMessage and using a virtual debit card over Apple Pay in stores and in apps.

Robinhood Crypto will also not initially be available in NY, which is one of the toughest states for cryptocurrency trading since it requires a BitLicense. "Through our pilot, we've learned a great deal about how we can make this experience faster and easier and we're excited to expand its availability".

Related News:



Most liked

Union Budget 2018: Bitcoin Is Officially Illegal In India
This is in light of Indian banks removing payment support for these exchanges making it hard to convert fiat money into cryptocurrencies.

Chris Christie steps out of spotlight, joins ABC News
We've all gone through this before", Christie said , "and I don't think we've met that high standard yet as to President Trump. However, Brian Murray, the governor's spokesman, confirmed Christie was at the beach, according to multiple reports .

Shahid and Mira showstopper in "Lakme Fashion Week"
Shahid Kapoor and Mira Rajput got married in 2015 and welcomed their first daughter Misha a year ago . The outfit was a soothing blend of divine whites, array of pastel shades and sage colours.

A Mild Day, But Much Chillier Friday
Any new snow would be under an inch, with a half inch falling Thursday and a half inch falling Friday , the weather service said. Wind speeds are expected to be from the mid-teens to the low 20s, with gusts as high as 30 miles per hour throughout the region.

Obasanjo Registers As Member Of Coalition For Nigeria Movement
He said the country was not going to get better except Nigerians come together to change the narrative and the situation.

Trump's Big Speech: More Pep Rally Than Bipartisan Breakthrough
More about clean coal technology on a recent episode of The Allegheny Front's Trump on Earth podcast. Meanwhile, the speech only confirmed that the racial polarization and xenophobia will continue.

Media say United States missile test fails
U.S. press reports stated that if confirmed, it would mark the second unsuccessful test of the Raytheon missile in the past year. Missile Defense Agency spokesman Mark Wright declined to comment on the outcome of the test.

Microsoft Acquires Cloud Gaming Firm PlayFab
PlayFab's platform reduces the barriers many developers face when launching cloud-based games, serving up solutions that can grow as their games do.

State of the Nation Address to go ahead next Thursday
The ANC has been discussing whether to tell Zuma, whose presidency has been tainted by corruption allegations, to resign. All the DA can do is wait for members of the ANC to instigate a motion and they can then join hands to remove Zuma.

Stop! Don't go to Cape Town
The city wants visitors to follow the same guidelines given to residents, including brief showers and fewer toilet flushes. These would be guarded by national soldiers and police in case the drought leads to violence.

Rajasthan bypolls: Cong wins Mandalgarh seat, leads in Alwar, Ajmer
TMC candidate Sajda Ahmed trounced Anupam Mallick of BJP by over 4.74 lakh votes in Uluberia Lok Sabha seat in Howrah district. He claimed the outcome of the bypolls showed that the Congress' vote share has risen by "30 per cent".

12-year-old in custody after two shot at middle school
Preliminary information indicated she was 12, said Steve Zipperman, chief of the Los Angeles Unified School District police force. The middle school is located on the Belmont High School campus and has about 365 students in grades six through eight.

Budget 2018: No reduction in petrol prices despite reduction of excise duty

Fox Poised to Win Rights to NFL Thursday Night Package
The deal also allows Fox to stream its Thursday night and Sunday afternoon games on its digital platforms including mobile. Fox just landed the NFL's " Thursday Night Football " package in a five-year, $550 million deal that begins next season.

Jaguar I-Pace set for 2018 Geneva auto show debut
This ensures better range, performance, and comfort than if the battery had just been sitting out in the cold for hours. Jaguar's I-Pace electric SUV will be unveiled in production trim on March 1 at the Geneva Motor Show .