Mobile payments firm Square said it made $37 million in revenue from bitcoin sales in the second quarter of 2018.
Shares of Square Inc, which more than doubled in value last year, are still on a roll and show no sign of slowing down. Soaring about 50 percent.
A report revealed that shares of financial services and mobile payment company Square dropped Monday after a critical tweet by Citron Research, claiming the excitement for Square’s Bitcoin trading solution was exaggerated.
A recent survey revealed that more than half of users of Square Inc.’s technology at the checkout stand are willing to accept bitcoin as a form of payment.
The New York Payments company, Square Inc., the firm that enables small, medium, and big businesses to use smart devices to facilitate point-of-sale transactions, has stated that it is not stopping at bitcoin transaction alone.