Twitter CEO Jack's FinTech App Square is Surpassing Competitors like Venmo With Bitcoin
On May 4, BTCManager reported that investors were initially not satisfied with Square’s $200,000 revenue from its bitcoin venture, considering that the integration of bitcoin by Square generated significant hype in both the fintech sector and cryptocurrency market. Despite the relatively low revenue margin of Square, the company’s market valuation and user base have continued to surge throughout 2018. Following its bitcoin integration, the stock price of Square increased from $35 to $55, by more than 57 percent. The market valuation of Square rose by a staggering $8 billion since November 2017, within a six-month period.