Jack Dorsey, the chief executive of Twitter, is taking further steps toward incorporating bitcoin and cryptocurrencies into his payments business, Square
Now, Square has said it plans to"improve money" though its bitcoin and crypto development, while Square Crypto is poised to hire its first dedicated employee—with many bitcoin and cryptocurrency investors hoping Square will lead a wave of fresh bitcoin adoption.Twitter
."So let’s set some expectations. True to @jack’s founding tweets, we are building open source projects that will make mass adoption not just possible but inevitable." In March, Dorsey said Square would be hiring three or four bitcoin and cryptocurrency engineers and one designer to work full-time on"open source contributions to the bitcoin and crypto ecosystem," also promising to pay them in bitcoin if they wanted., revealed he's been buying a whopping $10,000 worth of bitcoin per week earlier this year and invested in a bitcoin and cryptocurrency hardware wallet to store his swelling bitcoin holdings.
Square's crypto business account tweeted it plans to make mass bitcoin and cryptocurrency adoption"inevitable."Earlier this month Square reported strong growth in bitcoin sales through its Cash app in its first-quarter earnings. Square reported $65.5 million in bitcoin revenue for the first quarter of 2019, while bitcoin costs came in just under revenue at $64.7 million—leaving a bitcoin profit of just shy of $1 million.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Twitter's Jack Dorsey And Square Are Making Mass Bitcoin Adoption 'Inevitable'Jack Dorsey, the chief executive of micro-blogging social network Twitter, is taking further steps toward incorporating bitcoin and cryptocurrencies into his payments business, Square...
Read more »
Twitter's Jack Dorsey And Square Are Making Mass Bitcoin Adoption 'Inevitable'Jack Dorsey, the chief executive of micro-blogging social network Twitter, is taking further steps toward incorporating bitcoin and cryptocurrencies into his payments business, Square...
Read more »
Ted Cruz calls out Twitter’s CEO Jack Dorsey over 'snarky' reaction to space pirates concernsCruz has been hit with a no small amount of mirthful backlash after he outlined his concerns about space pirates.
Read more »
From Bob Iger to Warren Buffett and Jack Dorsey: These are the highest and lowest paid CEOs of 2018The highest-paid CEO of an S&P 500 company in 2018 earned $129.4 million, and the lowest earned $1, according to The Wall Street Journal's annual report.
Read more »
Tencent need not envy Jack Ma’s finance fameThe $432 bln tech giant has offered investors a peek into its mobile money arm. It is accelerating into payments and wealth management, catching up with the Alibaba founder’s Ant Financial. Ma’s aggressive expansion rankled bank regulators. Tencent would be wise to stay low-key.
Read more »
Jack Ma says he will go back to teaching when he retires from Alibaba this SeptemberAs a former English teacher, he said he's choosing to do so because he loves teaching.
Read more »
Jack Ma explains how entrepreneurs should deal with rejectionWhen it comes to building a business from scratch, every entrepreneur is bound to face some form of rejection along the way.
Read more »
You can use Jack Bogle's investing strategy and keep socially responsible focusA traditional S&P 500 index fund may not work for you if you want to avoid investing in companies that may be bad for the environment or do not promote good social practices. But themed index funds might be worth a second look.
Read more »
Neo-Nazi who planned to kill UK lawmaker is jailed for lifeJudge in Britain sentences alleged member of a banned British neo-Nazi group to life in prison for planning to murder a U.K. lawmaker.
Read more »