View full page at cryptocraft.com

 

Square's Bitcoin Revenue Increases by $6 Million in Q3, Profits Top $500,000

From cointelegraph.com

U.S. financial services company Square revealed it generated $43 million in Bitcoin (BTC) revenue for Q3 2018 in its most recent shareholder letter Nov. 8. Presenting a digest of its total earnings and financial activities, Square, which introduced Bitcoin support in its Square Cash payment app earlier this year, saw cryptocurrency revenue grow by a total of $6 million compared to Q2. “Total net revenue was $882 million in the third quarter of 2018, up 51% year over year. This includes $43 million of bitcoin revenue,” the letter confirms, stating: “Excluding bitcoin revenue, total net revenue was $839 million, up 43% ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis