Square Cash is a payment app founded by Jack Dorsey. If the name doesn't ring a bell, well, maybe it's time to learn that Dorsey is also the CEO of Twitter.
Why are we talking about Square Cash today?
Because recently Square Cash started to offer to its users access to Bitcoin. Now every Square Cash user can buy or sell Bitcoin, with just a few taps.
Why is this important?
According to Apptopia, Square Cash is now the most downloaded financial app from iOS and Android appstores. More popular than Venmo or PayPal.
In other words, Bitcoin got mainstream.
What does it mean?
- more demand, hence probably a higher price
- more volume, hence more volatility
- probably more use cases, as people will start to put Bitcoin to use in merchant projects
Also, since it's already mainstream, this means you won't look as cool as until now when you'll start to explain to your friends about this new form of "digital gold". It will be so yesterday news.
So maybe it's time to tell them about other cryptocurrencies.
Steem, maybe?
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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If you're new to Steemit, you may find these articles relevant (that's also part of my witness activity to support new members of the platform):
Yes Bitcoin now... Steem next. To the moon!
It's amazing that there are now so many coins out there, yet Bitcoin is still the only one getting real mainstream attention. It's a shame that big-name companies/apps don't use their clout to promote other coins with newer/better technology.
This means the price of bitcoin is about to rise again.
Bitcoin to the moon. I think BITCOIN could hit $10,000 before January
Quite an interesting development you shared, Jack Dorsey quietly entering into crypto is a big news and yes it'll bring in more volume.
oh that's sounds very interesting to me