A lot of people were taken aback when Square suddenly announced in-app support for purchasing Bitcoin a few weeks ago. Given the global attention Bitcoin is getting right now, it is not surprising to see companies scrambling to provide some degree of support for cryptocurrency. For now, this feature is only available to select Square app users, but that situation will change very soon. After all, more and more consumers want access to this cryptocurrency.
To cater to this demand, the Square team will allow more users of its Cash app to purchase Bitcoin. It is unclear how many people this will affect, but it is good to see the company taking this step during such an exciting time for the world’s leading cryptocurrency. Being able to buy and sell Bitcoin using the Cash app is pretty significant, although it remains to be seen how much BTC people are actually buying in this way. After all, the Bitcoin price is soaring to new heights, making it more expensive to own even a small part of one.
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