#Bitcoin Revenue

Marketstokenist.com

Square Reports $2.72 Billion in Bitcoin Revenue for Q2 2021

Jack Dorsey’s mobile payment firm Square has released its earnings report for Q2 2021. The report shows notable growth, largely attributed to the Bitcoin revenue derived from Square’s payment solution Cash App. Cash App generated $3.33 billion in net revenue, of which $2.72 billion was Bitcoin revenue. In other words,...
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Marketsthedechained.com

Square’s Cash App Made Over $2 billion in Bitcoin Revenue for Q2

Jack Dorsey led payment startup, Square, in its recent shareholder letter has announced that it made $2.72 billion from Bitcoin in the second quarter of this year. Per the letter, the firm’s peer-to-peer payment services, Cash App, had a 200% increase in its Bitcoin revenue. The firm wrote that “$2.72 billion of bitcoin revenue and $55 million of bitcoin gross profit during Q2, each up approximately 3x year over year,” we’re generated through the services.
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Financial Reportsheraldsheets.com

Square Rakes in $2.72 Billion from Bitcoin Revenue in Q2

Square is owned by Twitter founder, Jack Dorsey. The financial service giant registered an increase in its yearly revenue due to Bitcoin transactions on its payment service application, Cash App. Square’s Cashapp is a peer-to-peer payment software that allows users transfer funds including cryptocurrencies between themselves easily. According to reports, Square was able to pool $2.72 billion from Bitcoin transactions within Q2, 2021.
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