Image Credit: Square Inc/Cash App
By: Economic & Finance Report
Square Cash App scored a huge win, with their 2nd quarter earnings. The majority of their $125 million earnings came from Bitcoin revenue.
Bitcoin revenues gave Square Cash App, two extra million in gross profits. There has been speculation that the extra revenue is from the trading of Bitcoin, which is able to be used on the Square Cash App platform.
Square revenues have been steadily increasing over the past year, so it is no surprise that because of Bitcoin, Cash App profits have amassed greatly. -SB