Square Cash is letting some users buy and sell Bitcoin


Square is testing cryptocurrency support in their Cash app, according to TechCrunch reader Zach Miles on Twitter and confirmed by the company. The trial, which seems to only be available right now to a small number of users, lets you buy and sell bitcoin directly in the app.

My guess is that Square Cash is using Coinbase or another exchange to actually power this service. Question is do they view this as a big revenue opportunity (and thus move to eventually in-house) or more of an acquisition strategy?


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