Twitter and Square CEO Jack Dorsey: ‘We Love You, Bitcoin’
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On Thursday (August 1), Jack Dorsey, the CEO of both Twitter and Square, said during Square's Q2 2019 Earnings Call "We love you, Bitcoin."
Payment solutions provider Square was founded in February 2009, i.e. it is 10 years old, just like Bitcoin (BTC). The three co-founders are Jack Dorsey (who is also the company's Chairman and CEO), Jim McKelvey, and Tristan O’Tierney.
Square's Cash App
Four years after the launch of Venmo, PayPal's peer-to-peer (P2P) mobile payment solution, Square (whose founder and CEO is Jack Dorsey) launched a competitor called "Square Cash", a beautiful, simple, and fun-to-use app, which got renamed to "Cash App" later.
Cash App, which is one of Square's most popular products, allow a user to request money from and to transfer money to another user. Users can withdraw the money via a debit Visa card called "Cash Card" or by transferring it to a bank account.
Cash App started supporting buying and selling of Bitcoin (BTC) in mid November 2017 in a very limited rollout; the feature was officially launched in late January 2018.
Here is a tweet from Dorsey (who is a huge believer in Bitcoin) announcing the news on 31 January 2018:
The reason that Dorsey said "available to most Cash App customers" is because initially Square did not have the necessary licenses to provide this service in the following four states: New York, Georgia, Wyoming, and Hawaii.
Then, in June 2018, Square became the ninth company to receive a BitLicense from New York State Department of Financial Services (DFS), which allowed Dorsey to send out the following tweet:
According to Bloomberg, on 16 May 2018, Dorsey, who is also the CEO of Twitter, shared his belief in Bitcoin with a crowd of crypto enthusiasts at the Consensus 2018 conference in New York:
Visit - https://t.me/btctradingclub
Visit - https://t.me/bestbitmexsignal
On Thursday (August 1), Jack Dorsey, the CEO of both Twitter and Square, said during Square's Q2 2019 Earnings Call "We love you, Bitcoin."
Payment solutions provider Square was founded in February 2009, i.e. it is 10 years old, just like Bitcoin (BTC). The three co-founders are Jack Dorsey (who is also the company's Chairman and CEO), Jim McKelvey, and Tristan O’Tierney.
Square's Cash App
Four years after the launch of Venmo, PayPal's peer-to-peer (P2P) mobile payment solution, Square (whose founder and CEO is Jack Dorsey) launched a competitor called "Square Cash", a beautiful, simple, and fun-to-use app, which got renamed to "Cash App" later.
Cash App, which is one of Square's most popular products, allow a user to request money from and to transfer money to another user. Users can withdraw the money via a debit Visa card called "Cash Card" or by transferring it to a bank account.
Cash App started supporting buying and selling of Bitcoin (BTC) in mid November 2017 in a very limited rollout; the feature was officially launched in late January 2018.
Here is a tweet from Dorsey (who is a huge believer in Bitcoin) announcing the news on 31 January 2018:
The reason that Dorsey said "available to most Cash App customers" is because initially Square did not have the necessary licenses to provide this service in the following four states: New York, Georgia, Wyoming, and Hawaii.
Then, in June 2018, Square became the ninth company to receive a BitLicense from New York State Department of Financial Services (DFS), which allowed Dorsey to send out the following tweet:
According to Bloomberg, on 16 May 2018, Dorsey, who is also the CEO of Twitter, shared his belief in Bitcoin with a crowd of crypto enthusiasts at the Consensus 2018 conference in New York:
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