Square Cash App Extends Bitcoin Trading to Every US State

Square cash app

Jack Dorsey’s Square Cash App continues to expand. After revealing massive growth earlier this year, the quick-pay Venmo competitor announced that its Bitcoin trading tools are now available in all 50 states.

Square Cash declared the milestone via a tweet on Monday, furthering Dorsey’s vision of a Bitcoin-centric world.

No, Not That Bitcoin Cash

Dorsey, also CEO of Twitter, introduced Square Cash in 2015 as a way for users to send funds between one another. Recipients could instantly transfer the money to their banks or to the platform’s specialized debit card.

This January, the service expanded to support Bitcoin trading for the public. Yet, due to state-level regulation, New York, Wyoming, Hawaii, and Georgia were forced to stick to fiat currency transfers only.

Since then, Square Cash has put all of their efforts into overcoming this barrier. The app acquired the heavily sought-after BitLicense to operate in the state of New York while branching out into Wyoming after a bill adjustment. How Square Cash acquired Hawaii and Georgia—a feat even Coinbase has not been able to accomplish—has yet to be announced.

Suggested Reading: Click here to read why Coinbase is among our favorite cryptocurrency exchanges

Square Cash Isn’t Stopping Here

The introduction of Bitcoin transactions earned Square $37 million in the second quarter of this year. While the fiat-turned-crypto trading app isn’t the only mobile digital asset exchange, it’s grown to be one of the most popular. Square Cash currently stands on top of the “Finance” section in the Apple App Store.

Interestingly, Square’s website has hardly updated to reflect the change. Regardless, this is a significant win for Square Cash. As of now, Dorsey’s venture has at least one advantage over competitor Coinbase—the current top cryptocurrency exchange in the United States.

Join the NEW Unhashed Telegram or Follow Unhashed on Twitter for the Latest Cryptocurrency News Updates!

Bitcoin Bitcoin $6,267.78 -1.3%
Ethereum Ethereum $205.077 -2.11%
XRP XRP $0.318597 +0.22%
Bitcoin Cash Bitcoin Cash $420.409 -3.35%
EOS EOS $5.05757 -0.91%

Subscribe for the latest cryptocurrency news

Please enter a valid email address.
Something went wrong. Please check your entries and try again.

More Crypto News

Solo Mining Bitcoin and Is it Profitable?

September 18, 2018

When Bitcoin launched in 2009, it became the world’s first cryptocurrency. By utilizing miners that…

Three Crypto Wallets Removed By Google Without Warning: CoPay BitPay and Bitcoin.com

September 14, 2018

Google is once again displaying its distaste towards the cryptocurrency space by removing three wallets…

Small Canadian Town Gives in to Ransomware Hackers, Sends Bitcoin

September 12, 2018

Ransomware is a malicious form of software that makes a device unusable until the victim…

Subscribe for the latest cryptocurrency news

Please enter a valid email address.
Something went wrong. Please check your entries and try again.
Scroll Up