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Square Reports The largest Bitcoin profit so far to 52 million dollars



Square, the pay network of Twitter CEO Jack Dorsey, made more revenue from Bitcoin in the fourth quarter of 2018 than at any time since he started backing up the crypto.

this week confirmed that Bitcoin's sales exceeded $ 52 million, winning $ 43 million and far exceeded $ 37 million from the second quarter.

Figures are an advantage for Dorsi, who this week hinted at the upcoming integration of more Bitcoin technology into Square Cash. Jack Dorsey Twitter ”

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"For the next year we will continue to focus on three things and we will continue to strengthen our multi-channel offering," said Dorsey in a February 27 statement.

This means we add power to the staff. mobile payments as well as online. We are really excited about everything we do in financial services.

Book Balancing

Revenue compared to Square's profit remains tight for Bitcoin; the cost of purchasing crypto lows represents almost all sales revenue due to de facto the lack of distribution to consumers. Dorsi.

As reported Bitcoinist this month saw that Twitter Magnus publicly declared his enthusiasm and planned to use Bitcoin's lighting network within Square.

and transactional is possible, and this includes looking at our base for vendors and registration, "he told the podcast of Stefan Lavra

" It's not "if" "that's more than" when [.] Even participated in the retransmission of the Lightning Torch transaction, reaffirming his belief in Bitcoin as his choice of choice within the crypto-industry industry. He added that he does not have any other Bitcoin cryptoblocks or hard forks.

What do you think about Bitcoin's earnings in Square? Let him know in the comments below!


Photos courtesy of Shutterstock, Bitcoinist Archives


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