When it comes to sending and accepting digital payments, Square has quickly become a very popular solution. Few people expected the company to experiment with Bitcoin, though it’s now doing just that. Select users can buy and sell the world’s leading cryptocurrency through the Square Cash app. This is an interesting development which may herald a new era for digital payments entirely.
SQUARE CASH IMPLEMENTS BITCOIN FEATURES
It is always good to see established payment solutions integrate cryptocurrency support. More specifically, the Square Cash app now allows users to buy and sell Bitcoin. Although this feature is only available to a select few right now, it is possible this feature will roll out to other users in the near future. No official date has been confirmed for this change, nor do we know how long this limited trial will run for.
It is pretty interesting to see this option appear within the Square Cash app, though. Despite having a very basic interface at best, it does provide all the functionality one would expect. In-app purchases and sales of Bitcoin are working, although it is unclear which exchange is used to process these transactions. Wallet balances are displayed in USD and BTC, and there is a graph to display the performance of one’s portfolio over the past year.
