Square's Focus Is on Helping Bitcoin Become the Native Currency for the Internet

Square Inc. reiterated its commitment to bitcoin during the company's Q3 earnings call Friday. Square also revealed that its mobile payment platform Cash App generated $1.8 billion in bitcoin revenue. Square's market cap is currently $110 billion.

During the call, Dorsey was asked whether Square is "looking to expand into crypto beyond bitcoin buy and sell," such as offering other cryptocurrencies and enabling users to "engage in defined NFT ecosystems."