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Mobile Payment Company Square Launches In-app Bitcoin Buy/Sell Option


This Wednesday Jack Dorsey, the CEO of the payment processing firm Square, revealed the company's Cash App users can now purchase and sell bitcoin. Back in November the Square Cash App's bitcoin functionality was only available to select individuals for experimentation. Now, most of the app's users can access the ability to buy and sell the digital currency using the platform.

Also read: Japan's DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies

The Payment Company Square Says Satoshi's Vision Is Having an Impact All Around the World

Mobile Payment Company Square Fully Launches Bitcoin Feature

The merchant services aggregator and mobile payment company Square has announced its bitcoin feature is now available for most of its Cash App users. The news follows the company's testing last November when it allowed select users to use the feature that enables individuals the ability to purchase BTC. Additionally, the firm's CEO Jack Dorsey promoted the new app with a colorful blog post about bitcoin, and it's creator Satoshi Nakamoto. The story that describes the innovative technology concludes by saying:

That's a lot to imagine, isn't it? One thing is clear though: Satoshi's vision is having an impact all around the world.

Square says the Cash App offers users the ability to send and receive BTC between family and friends. The company also emphasizes that bitcoin's prices can be "volatile and unpredictable" and it asks its users to make "wise financial decisions."

"We've made it just as easy to buy and sell BTC straight from your Cash App balance — Unlike other apps, most of our buys and sells happen in seconds, and you can even spend your proceeds from a free Visa debit card," explains Square's announcement.

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