While investors are still waiting for the SEC to approve the first major bitcoin ETF, more and more companies are doing everything they can to cash in on the cryptocurrency craze.
What You Need To Know
Square Inc SQ 0.1% is the latest company to dip its toes into the bitcoin waters by providing a select number of its Square Cash users with the ability to buy and sell bitcoin right in their Square Cash app, according to a TechCrunch report.
Users who have access to Square’s beta testing can simply swipe right from their Cash Card page and click a button to generate a wallet address.
“We’re always listening to our customers and we’ve found that they are interested in using the Cash app to buy bitcoin. We’re exploring how Square can make this experience faster and easier, and have rolled out this feature to a small number of Cash app customers,” Square said in a statement.
Square has not yet disclosed its potential fee structure or outlined daily buying or selling limits.
Why It’s Important
Square’s bitcoin beta test comes just weeks after CME Goup Inc CME 0.01% said it will be providing its customers with access to bitcoin futures for the first time ever in the fourth quarter.
Gain Capital Holdings Inc GCAP 14.11% stock initially spiked…
Click here to continue reading
Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!
