Square Crypto Trading App Beats PayPal’s Venmo With 3x Growth

Square Crypto Trading App Beats PayPal’s Venmo With 3x Growth
фото показано с : bitcoinist.com

2018-7-13 20:00

Square Cash, a cryptocurrency-enabled trading app, is growing three times faster than PayPal’s fiat-based Venmo, trading giant Nomura has revealed.

‘More Than Just A Bitcoin Play’

The company’s Square Cash app, which added cryptocurrency functionality in January, has defied Bitcoin price trends ever since, growing its user base despite overall Bitcoin market activity decreasing.

“Square is more than just a bitcoin play,” Dan Dolev, executive director and analyst at Nomura-owned Instinet, told CNBC July 11.

A lot of people were worried because it went up with bitcoin, but instead it’s decoupling.

Square’s crypto rollout saw major fanfare at the time, with users broadly welcoming the upgrade as something they had wished to see.

Since January, Bitcoin and altcoin markets have fallen considerably, this nonetheless failing to dent consumer confidence, Bitcoinist recently reported.

Who Cares About Price?

Downloads of Square Cash year-on-year were up over 150 percent in June, Dolev notes, also focusing on the comparatively lackluster results of Square obtaining regulator permission to serve New York residents.

“When they opened up trading in New York, you would expect a bump in downloads, but it didn’t happen – if you look at the weekly trend it actually slowed slightly,” he added.

PayPal’s Venmo meanwhile continues to focus on more traditional upgrades, in June launching a debit card attached to the app and on Thursday announcing a partnership to allow direct payments for Uber rides.

Cryptocurrency payments are meanwhile the subject of another major venture in Europe this week, exchange Binance announcing the creation of the world’s first ‘crypto bank’ in its new home jurisdiction of Malta.

Founders Bank aims to provide “progressive banking solutions tailored for the needs of decentralised companies,” chairman and co-founder Michael Bianchi said in a statement.

Binance will have a 5 percent stake in the project, which is also being sponsored by blockchain equity fundraising platform Neufund.

What do you think about Square Cash’s performance over Venmo? Let us know in the comments below!

Images courtesy of Shutterstock

The post Square Crypto Trading App Beats PayPal’s Venmo With 3x Growth appeared first on Bitcoinist.com.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Open Trading Network (OTN) на Currencies.ru

$ 0.0064948 (+0.67%)
Объем 24H $0
Изменеия 24h: 1.44 %, 7d: 12.76 %
Cегодня L: $0.0064948 - H: $0.0064948
Капитализация $13.149k Rank 2181
Цена в час новости $ 1.37384 (-99.53%)

square bitcoin app trading venmo paypal growing

Источник: bitcoinist.com

square bitcoin → Результатов: 22


Фото:

Square Buys Another $170 Million in Bitcoin, Initial Investment Up 376%

Square has made this Bitcoin investment public along with its Q4 2020 and full year 2020 results release. This is not the first BTC purchase made by Square. Its first tryst with Bitcoin was announced in October last year when it made a purchase of 4,709 BTC worth about $50 million at the time of … Continued The post Square Buys Another $170 Million in Bitcoin, Initial Investment Up 376% appeared first on BeInCrypto.

2021-2-24 16:00


Фото:

Square’s Cash App Debuts Automatic Recurring Bitcoin Purchases

Automatic recurring Bitcoin (BTC) buying is now possible on Square’s Cash App via a new feature added to the platform. Tweeting on Monday, Square and Twitter CEO Jack Dorsey revealed that Cash App users can now set their Bitcoin buying frequency according to daily, weekly, or bi-weekly schedules with a $10 minimum across all three […] The post Square’s Cash App Debuts Automatic Recurring Bitcoin Purchases appeared first on BeInCrypto.

2020-5-19 05:15


Фото:

Square Open Sources Subzero, an Enterprise Offline Bitcoin Wallet

Square, a financial services and mobile payment company, has open sourced the documentation, code, and tools for Subzero, an enterprise offline Bitcoin Wallet. According to Square’s blog published on October 23, 2018, Square recognized the importance of not only developing a safe and secure storage option for Bitcoin but the need to share code and work in progress as it.

2018-11-2 14:00


Фото:

Square’s Debut of Payment Terminal Triggers Fresh Bitcoin Acceptance Rumors

Consumer and merchant payment network Square Inc. unveiled a point-of-sale (PoS) terminal October 19 in a move which sparked excitement about possible Bitcoin integration. Bitcoin PoS Next For Square? Unveiled on social media and in an interview with tech outlet Nerdist, Square’s device is designed as a standalone solution for merchants wishing to accept card payments.

2018-10-20 07:00


Компания Square отказалась от заявки на регистрацию в качестве депозитарного банка

Достаточно дружественная к криптовалютам и биткойн компания Square отозвала заявку получение лицензии в качестве депозитарного банка. Сообщение Компания Square отказалась от заявки на регистрацию в качестве депозитарного банка появились сначала на Freedman.

2018-7-6 18:50


Hedge Fund Bullish on EOS and Ethereum, Bearish on Ripple and Litecoin

Austin-based cryptocurrency hedge fund Multicoin Capital is long Ethereum as well as EOS while short both Litecoin and Ripple’s XRP. Backed by Andreessen Horowitz’s Marc Andreessen and Union Square Venture’s Chris Dixon among others, the $75 million fund is defending its most significant position: EOS, a currency that raised $4 billion through an ICO last month […] Hedge Fund Bullish on EOS and Ethereum, Bearish on Ripple and Litecoin was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-7-3 01:24


Хедж-фонд Multicoin Capital делает упор на EOS и Ethereum

Крупный криртовалютный хедж-фонд Multicoin Capital, среди спонсоров которого Марк Андриссен, Крис Диксон, Union Square Ventures и другие венчурные капиталисты, делает упор на Ethereum и EOS, а перспективы Litecoin и XRP им кажутся сомнительными.

2018-7-1 10:51


Crypto Hedge Fund Multicoin Valued at $75m After Fred Wilson’s VC Investment

Despite the recent decline of the cryptocurrency market, the promise of huge profits continues to lure investors to funnel some of their funds into these digital coins. Recently, the New York-based venture capital firm Union Square Ventures (USV) officially announced its investment in Multicoin Capital, which is a cryptocurrency hedge fund startup.

2018-6-22 21:43


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

How to buy Bitcoin with Venmo

Demystify the world of digital currencies with a detailed guide to purchasing Bitcoin with Venmo and reviewing transaction fees, limits and security precautions.

PayPal USD stablecoin to be integrated into Venmo

Venmo, the peer-to-peer payment app, is set to offer PayPal USD (PYUSD), an ERC-20 stablecoin, in the coming weeks. This move integrates PYUSD into the Venmo platform, creating a seamless channel for transferring assets between millions of users. According to…

Amazon разрешит оплачивать покупки через Venmo

PayPal объявил о сотрудничестве с Amazon, в рамках которого клиенты онлайн-ритейлера смогут оплачивать покупки через платежный сервис Venmo. Возможность появится у пользователей из США в 2022 году.