Bitcoin Brought in More Revenue for Cash App than Fiat in Q1 2020

Bitcoin brought in more revenue for Square’s Cash App than fiat, the company has revealed via its first-quarter earnings results released Wednesday. In a shareholder letter detailing the company’s financials in the first quarter of 2020, Cash App’s revenues totaled $528 million. Of this revenue, $222 million came from the platform’s fiat-related services while Bitcoin more info…

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