Square’s cryptocurrency-friendly payment app Cash App is reportedly testing a new feature allowing customers to buy and sell stocks.
Expanding Cash App
Citing a source familiar with the matter, Bloomberg reported on Sept. 12 that the San Francisco-based startup’s employees began testing the new feature in recent weeks. Once released, it will allow Cash App users to make free stock trades.
Square has reportedly not yet determined the exact date of the new option launch.
Cash App and crypto
Square made Bitcoin (BTC) deposits available on Cash App in late June. At the time, deposits were limited to $10,000 worth of Bitcoin in a seven day period, while transfers could take several hours to be confirmed on the blockchain.
In July, Cash App announced a giveaway of $50,000 worth of BTC following the continued growth of its stock price. At the time, Square’s stock was up about 56% in 2019, having started the year at $57.2 and trading at $81.8 at the time, according to MarketWatch data. Bitcoin, on the other hand, increased its value by about 157% over the same period.
Jack Dorsey and crypto
Also this summer, Square’s founder Jack Dorsey — who is also the creator of social media giant Twitter — was putting together a team dedicated to improving crypto infrastructure in general. Back then, Dorsey commented on the advantages for Square too, saying:
“Just from a business perspective, we don’t look like an Internet company today. An Internet company can launch something and it’s available around the world. Whereas with payments, you have to go to each market and pay attention to regulators. You need a partnership with a local bank. This is a very slow process in any new market.”
If reproduced, please indicate the source: https://www.uucj.net/squares-cash-app-is-testing-a-stock-trading-feature/
Nothing is more important to new parents than the safety of their infants, and food giants Nestle and Carrefour aim to use blockchain to help appease that instinct.Following on from a previous food tracking effort by the two companies, based on IBM’s Food Trust platform, Nestle and Carrefour will track baby milk products and provide consumers with data on their origins and movements “from dairy to shelf.”Specifically, the GUIGOZ Bio 2 and 3 infant milk range will be traced on the blockchain platform as a means to provide consumers with more information on the milks origins and transparency on product checks, Carrefour said in an announcement on Thursday. Customers will be able to scan a QR code on the milk’s packaging to access a range of information.“Blockchain technology enhances transparency and advances the food transition for extremely high-quality products, which parents expect for infant nutrition. For Nestle and Laboratoires Guigoz, this innovative blockchain technology creates a new benchmark for transparency and the high standards of care required to ensure the quality of their products,” the firm said.While such schemes may have an element…Nov 16, 2019
Dec 24, 2019 at 13:08 // News About 48 hours ago, the downtrend corrected as the coin headed to the $42 supply zone. Previously, LTC dropped to $39 on November 20 but has moved up to $41. The price movement has been insignificant because of the low volatility. Litecoin is in the bearish trend zone and if defended aggressively by the bears the downtrend will continue. From the current low, it is expected that any further break down will catapult LTC to revisit the $36 low. Meanwhile, on the upside, LTC will make a positive move, if the current bullish move is sustained. Besides, a break above $42 will ensure its continuous move. Litecoin Indicator Analysis It appears LTC is pushing higher as per the stochastic which has a 50% range. This explains that LTC is trending higher as the price revisits the highs of $42 and $50. Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Key Supply Zones: $80, $100, $120 Key Demand Zones: $50, $40, $20 What Is the Next Move for Litecoin? The upward move…Dec 24, 2019
Crypto perpetuals exchange Blade will be introducing zero-fee trading next month in a bid to gain market share from rivals. ,Jan 16, 2020
It is almost precisely two years ago that the bitcoin bear market began with the currency still down some 70% since.That’s better than eth, which is down 90%, and for this year bitcoin has more than doubled, up 120%, while eth is barely up 70%. Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Top crypto gains for 2019 Bitcoin Cash interestingly has beaten them both, with the biggest gainer being Binance’s BNB stock like token. While the biggest loser out of the main ones is Ripple.Ripple labs has been selling and selling this year, with no one quite knowing what they doing with all these billions, but generally if you invested at the beginning of the year you should be up in most main cryptos.That’s because there was a mini bull-run of sorts, sending bitcoin with some speed to $14,000 from $3,000. Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Bitcoin price on weekly, Dec 2019 That bull run was followed by a halvening in price…Dec 13, 2019
Epic Games adds to its list of small but highly acclaimed free games this holiday season with Faster Than LightExpertly manage your own spaceship in this simulation roguelike or suffer defeat in a perilous galaxyYou only have 24 hours to claim the game at no costEpic Games’ #12DaysOfFreeGames bonanza continues this Boxing Day as game number 8 of 12 hits the Epic Store.Loosely based on the 12 days of Christmas, the digital curation store is undercutting its competitors this Christmas to gift some stellar games.All available at, you heard right, absolutely no cost. Today’s little gem is Faster Than Light. Eagle-eyed gamers quickly pick up on the following day’s clue | Source: Twitter It appears there aren’t any AAA titles up for grabs this Christmas but that doesn’t mean the games in question aren’t from the top shelf.All games come handpicked considering they all have overwhelmingly favorable reviews, at least on major rival platform Steam.Epic Games #8: Faster Than LightFaster Than Light describes itself as a spaceship simulation roguelike that puts you through the paces of running your own spaceship.Obviously…Dec 27, 2019
Most analysts are skeptical of the NFL’s proposed workout for Colin Kaepernick on Saturday.But Stephen A. Smith seems to be convinced that it is going to lead to a job within the next two weeks for Kaepernick.No matter how well Kaepernick performs, he will not be on an NFL roster this season.The NFL threw a curveball at football fans, teams, and Colin Kaepernick Tuesday morning when it announced that a private workout was to take place Saturday in Atlanta.Stephen A. Smith Says Colin Kaepernick Will Be Back in NFL in 2 WeeksIts purpose—to give the 32-year old Kaepernick a chance to prove he still has the physical tools needed to play the game. Teams will, of course, have concerns he may be more trouble than he is worth. But that is what the interview part of the workout is for.While many have reacted to the news with skepticism, at least one person seems to think it is legitimate—ESPN’s Stephen A. Smith. The outspoken analyst has gone as far as to say that Kaepernick is going to have a job in…Nov 15, 2019
Over the holiday season, Bitcoin (BTC) has stalled in the low-$7,000s, finding itself stuck between a rock and a hard place. Although some say that this is indicative of an impending return to the $6,000s, then the $5,000s, a prominent cryptocurrency-centric fund manager has asserted that the leading cryptocurrency is poised to retake $9,000 within a few weeks’ time.Related Reading: Why Bitcoin Network’s Record 2019 Is Bullish For the Crypto MarketBitcoin to Top $9,000 By End of January?Su Zhu, the chief executive officer of forex and crypto fund Three Arrows Capital, recently remarked on Twitter that he believes Bitcoin’s price outlooking heading into 2020 is looking rather bullish.The prominent industry commentator, who has penned some stellar articles about the Bitcoin space for his blog, noted that per his analysis of the BTC/USDT trading pairs and their premiums to BTC/USD markets and the overall price action with Bitcoin, there are “clear signs of accumulation and money flow back into risk.”He thus concluded that he wouldn’t be surprised to see the leading cryptocurrency surpass $9,000 — 25% higher than current prices — before…Dec 28, 2019
Cryptocurrencies have been trending upwards in price over the last few weeks, but in certain countries around the world digital assets have become far more valuable. For instance, in Argentina, the nation’s sovereign currency has lost considerable value and cryptocurrencies like BTC are seeing all-time price highs. The surge in value is not just taking place in Argentina as a few other countries suffering from hyperinflation are seeing significant demand as well.Lots of Crypto Demand Stems from Countries Experiencing High Inflation and Currency DevaluationOver the last week, digital currency supporters have noticed that the price of bitcoin core (BTC) and a few other popular assets have been seeing higher price gains in some markets compared with the rest of the world. The trend has been seen in countries suffering from economic distress and hyperinflation, an accelerated version of traditional inflation. Essentially the state’s currency begins to erode extremely fast and the prices of goods like food and medical supplies increase. Due to this factor, the region’s citizens usually switch to more stable foreign currencies in order to hedge against rapid inflation. Crypto…May 29, 2019
Although Bitcoin has continued its extended period of rangebound trading, it is important to note that Ethereum (ETH) has been able to see further upwards momentum today, with the cryptocurrency rallying past key resistance as its market structure shapes up to be highly bullish.Analysts are now noting that the cryptocurrency may have established a mid-term bottom, with its current rally leading it up to a few key levels that, if broken above, could spark some significant upwards momentum. One top analyst is noting, however, that a rejection at this level could lead the crypto to see some significant losses.Ethereum Rallies 5% as Analysts Eye Potential Mid-Term Bottom FormationAt the time of writing, Ethereum is trading up just under 3% at its current price of $244.80, which marks a massive climb from daily lows of $236 that were set yesterday. It is important to keep in mind that Ethereum has been caught within a slow and steady upwards grind over the past several days, climbing from multi-day lows of $220 to highs around its current price level that were set earlier…Mar 8, 2020
The Indian coffee industry is all set to get restyled by the blockchain-based electronic-market platform, introduced by the Coffee Board of India (CBoI) earlier this year in March, as farmers finally begin to realize the potential in the technology.Over the last few decades, the overseas market for Indian coffee has grown in leaps and bounds, earning India a distinct identity in the coffee map of the world. Even then, something as lacking. The e-market platform launched by the CBoI, in liaison with Bengaluru-based Eka Software Solutions, who helped develop the mobile app and web portal, did not receive a response it anticipated initially. It began with only twenty-three farmers registering themselves on the portal. However, following months of promotion and explaining the benefits of the blockchain-based platform to Indian farmers, the CBoI has finally started to witness the increasing interests. Today, over thirty thousand farmers have registered on the e-market platform, with numbers growing each day.For CBoI, though, the growing adoption did not come as a surprise. According to them, the Indian coffee rates are decided based on the region…Nov 14, 2019