Square pulled in $37 million in revenue from Bitcoin, but spent $36.6 million to offer it on their Cash App, leading to a tight profit of $420,000. Although profitable, Square isn’t expecting cryptocurrency to drive major profits anytime soon. Square initially added Bitcoin trading to the Cash App in January just before the cryptocurrency markets...The post Square Recorded a Tiny Profit on Bitcoin, But it Has the Potential to Improve Massively appeared first on NewsBTC.
