Posted 2 years ago | by Ben Armstrong

Jack Dorsey Crazy for BTC

On a recent earnings call, Jack Dorsey made a prominent remark to share holders in regards to Bitcoin's performance on Square's Cash App. As he looked at the level of Bitcoin transactions on the app during the call, he stated that, "We love you Bitcoin". And after $125M worth of Bitcoin revenue running through the app, it's no surprise that he would make such a statement. He went on to say:

We saw 3.5 million customers use Cash Card in June, typically using it to purchase multiple times per week. Our seller and Cash App ecosystems have incredible roadmaps ahead to deliver on our purpose of economic empowerment.

A visual chart for the representation of Bitcoin sales growth on the app over the last 6 quarters was posted on twitter by Kevin Rooke:

The growth is quite astonishing when one considers that this app didn't even exist two years ago. The rate at which technology is booming cannot be understated. Bitcoin certainly fits that description as the number of transactions per year have already passed an all time high. It feels as if the excitement is building all across the crypto community. Jack Dorsey isn't alone with his sentimental feelings toward the oldest and biggest cryptocurrency.

To find out more about this story and Bitcoin news from today, watch today's BitBoy Crypto video:

[youtube v="uF5-SxersE4"]

About Ben Armstrong

ef4f73e9ddeb61becab57469962fa946?s=90&d=blank&r=g Jack Dorsey & Cash App Falling More in Love With Bitcoin Every DayBen Armstrong is a YouTuber, podcaster, crypto enthusiast, & creator of BitBoyCrypto.com. Better known as BitBoy Crypto, he works hard to educate and inform the crypto community.

Ben has been involved with the world of cryptocurrency since 2012 when he first invested in Bitcoin. He used Charlie Shrem's BitInstant & lost Bitcoin in the Mt. Gox hack.

In 2018, Ben decided to go "full-time crypto" and focus all of his time and energy into expanding the reach of crypto.

If you have any questions or comments please feel free to email him at BitBoy@BitBoyCrypto.com or contact him on Twitter @BitBoy_Crypto.