Earnings rise at Sq. due to Bitcoin gross sales

Square, which has been having fun with growing success with its Cash App, has revealed that it has bought $1.63 billion in bitcoin with a $32 million gross revenue from the digital currency by the third quarter of 2020. Cryptocurrency is proving standard with the corporate and it lately bought $50 million in bitcoin, underlining its dedication to digital cash.

In its newest earnings assertion the corporate introduced that general income has greater than doubled to $3.03 billion for a similar interval, with robust demand for merchandise that permit customers to spend their money on-line, reasonably than at bodily shops.

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