This past Wednesday Square announced it was running a pilot program for buying and selling bitcoin using it's Cash App. This was a shock to many users of the app. Currently it allows them to buy, sell, and hold Bitcoin, but not make payments to friends in cryptocurrency yet; even though the apps main function is to make payments cash to friends akin to the Venmo app.
Chart courtesy of The Street. The Streets Jim Cramer was all about this new pilot program by Square stating:. You can listen to his fired up talk on Bitcoin and Square here. Square is doing something most companies wouldn't even consider yet, accepting Bitcoin as a payment option. The companies management consists of some all stars as Cramer pointed out.
Do customers actually want to be able to do this? And therefore I think it behooves us to always know, where are our payments going? When we develop products at Square, we spend a lot of time listening to what our square bitcoin want, and what we heard square bitcoin individuals — so this isn't sellers asking to accept bitcoin, this is individuals using Square Cash to make payments Sarah made an important point in the video paraphrasing her that square bitcoin don't just do academia papers on the square bitcoin at companies due to time constraints.
You have to put the product out and watch the results. This move square bitcoin allow them a first mover advantage in the financial services and payment process space versus it's competitors like PayPal HereCloverSpark Pay by Capital One, and square bitcoin. It will be interesting to see the other companies will begin to test crytpocurrency payments. After Square's huge square bitcoin, I wouldn't be surprised to see the others scrambling to catch up. For those unaware, Square is the financial service provider that makes the Square Reader, the chip you insert into your phones 3.
Though it is slowly moving away from the 3. It also offers other products including the Square Stand and Square Register. Photo courtesy of Third Sector Today.
Funny little side note: Bitcoin is very rapidly gaining recognition this year, from the Chicago Mercantile Exchange CME and Chicago Board of Options Exchange CBOE adding futures and options for it allowing investors to square bitcoin downside protection, square bitcoin in this case a payment processor accepting it as a form of payment.
As Bitcoin and the rest of crypto continues to ascend and make progress we will see companies come around. The easier it becomes to convert square bitcoin to crypto and vice versa, the quicker we will see crypto square bitcoin.
I personally still like cash, but think about the last square bitcoin you didn't have your smart phone on you? Square bitcoin it takes is that one app to make it simple, and people will be coming in the masses to a faster payment settlement system. It seems we will be leaving the "early adopters" phase for Bitcoin soon, though most of cryptocurrency is arguablly still in the innovators phase.
If you were to ask 10 people if they have heard of Bitcoin, you would probably have around half by now saying they heard of it. If you were to ask those same 10 people about Ethereum, they would probably look at you funny and ask "what's 'Etherium'?
The future is looking bright for crypto, still got to love the laggards, they'll come around eventually. Tell me what you guys think about this move by Square in the comments below! If you liked this content, please upvote, comment, share, and resteem it! This is not investment advice, always do your own research. It is very important to do your own analysis before making any investment based on your own personal circumstances.
Square To Accept Bitcoin? Bold Move by Square Square is doing something most companies wouldn't even consider yet, accepting Bitcoin as a payment option. Photo courtesy of Third Sector Today Funny little side note: What square bitcoin this mean for Bitcoin? Follow me investoranalysis Thanks! Authors get paid when people like you upvote square bitcoin post. Sorry trying to figure out what you are trying to say.
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