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Square Buys Australian AfterPay, Buy Now, Pay Later Company For $29 Billion

Jack Dorsey’s parent payment company of Cash App, Square has agreed to a massive U.S. $29 billion all-stock deal to buy the Australian fintech company Afterpay – in a merger that some analysts state could “create a global transactions giant.” In a press release, Square announced that following the acquisition of Afterpay, consumers “will receive… Read More

JP Morgan Report Says Bitcoin Acting As “Alternative To Gold”

JP Morgan analysts recently published a brief report acknowledging Grayscale trends involving Bitcoin, stating the leading digital asset was acting as an “alternative to gold.” The analysts wrote that Grayscale’s October data, regarding its Grayscale Bitcoin Trust, suggests that BTC may be increasingly acting as an alternative to gold. Gold has long been recognized as… Read More

Cash App Quarterly Earnings For Bitcoin Generated $1.63 Billion In Revenue

Cash App, the mobile payment service of Square Inc. has generated more than $1.63 billion in Bitcoin revenue in Q3 2020 according to its earnings report. Square released its Q3 2020 earnings report revealing that the company has generated a large amount of its profit from Bitcoin trading. Cash App, launched its Bitcoin trading in… Read More

Jack Dorsey & Cash App Falling More in Love With Bitcoin Every Day

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… Read More

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