Cryptocurrency Short News

Cash App Makes a Whopping $148 Million Bitcoin Sales in Q3

Written by: Qadir AK

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Nov 7, 2019

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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.

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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. 

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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