As per the Square Cash App’s Q3 2019 report, the app saw a total of $148 million of Bitcoin sales in 2019. The Square company had redesigned its Cash App’s customer interface. Since then, Bitcoin and Cash Card sales have seen a significant rise on this platform. The report stated: “First-time Bitcoin buyers have approximately doubled and Cash Card orders have seen a meaningful uplift.” The Q3 2019 sales record is 245% higher than that of 2018 sales. The company partly credits the bitcoin performance to this record sale.
Cash App is a mobile payment service, allowing users to transfer money to one another using a mobile phone app. However, as of January 2018, the app started supporting bitcoin trading.