Matrix Posted August 15, 2018 Share Posted August 15, 2018 The big picture: It hasn't been a great year for cryptocurrencies but now that the Cash App is supported in all 50 states, perhaps Bitcoin can finish out 2018 on a positive note. Mobile payment facilitator Square now lets customers in all 50 US states buy and sell Bitcoins through its Cash App. The company, co-founded by Twitter CEO Jack Dorsey, recently announced the service expansion on Twitter. As CoinDesk recounts, Square first launched its Bitcoin purchasing option in January following a successful test run last year. It wasn’t available in all states, however, as some have more restrictive regulations on cryptocurrency transactions. Cash App ✔ @CashApp Red, white, and bitcoin. Now you can use Cash App to buy bitcoin in all 50 states. In Wyoming, for example, a bill was passed in March to do away with the state’s double reserve requirement for companies dealing in cryptocurrencies. Under the double reserve requirement, a company would have to maintain cash reserves equal to the amount of cryptocurrency funds held for customers. Square also secured a “BitLicense” to operate in New York. According to CoinDesk, it’s one of just a handful of crypto companies allowed to operate in the state. Square in its second quarter financial report earlier this month said it made around $420,000 from facilitating Bitcoin purchases. That’s up from the $223,000 it made in the first quarter. Keep in mind that Square’s Cash App isn’t really a dedicated cryptocurrency wallet meaning it’s probably not the best solution for long-term Bitcoin storage. For that, you’ll want a true wallet. Source Link to comment Share on other sites More sharing options...
dufus Posted August 15, 2018 Share Posted August 15, 2018 Australia,United States : World Bank Mandates Commonwealth Bank of Australia for Worlds First Blockchain Bond https://www.marketwatch.com/amp/story/guid/f91ce263-1f81-4437-bfeb-43ee8d956f52 World Bank taps Australia's CBA for blockchain bond The World Bank and CBA said on Friday indicative interest in the blockchain operated new debt instrument, nicknamed “bond-i” after Australia’s iconic beach, had been strong. https://www.reuters.com/article/us-worldbank-cba-blockchain/world-bank-taps-australias-cba-for-blockchain-bond-idUSKBN1KV02D Debt instrument An asset requiring fixed dollar payments, such as a government or corporate bond. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.