<center>https://media.coindesk.com/uploads/2017/11/Square.jpg</center> From Coindesk <hr> <blockquote> Sarah Friar, CFO of payments firm Square, has filled in some of the detail on why the company has launched a bitcoin pilot scheme. Revealed yesterday, Square's mobile payments product, Cash App, is now allowing a limited number of users to buy or sell bitcoin within their accounts. Talking to CNBC, Friar explained: "You're talking about it, it's out there, and so we want to do an experiment and say, OK, is this real? Do customers actually want to be able to do this?" Friar noted that customers often feed back desired features in Square's products, and that some using Cash App to make payments have requested an "easy way to buy and sell bitcoin." </blockquote> Read more: https://www.coindesk.com/is-it-real-square-cfo-speaks-out-on-cash-app-bitcoin-trial/ <hr> This type of adoption is a mixed blessing. It's unlikely to onboard new people to crypto other than the vendors accepting it. If it is selling off the bitcoin at market value when you make the purchase this creates sell pressure. What does bitcoin gain? Maybe some brand awareness and usefulness for spending around town I guess. <h4>Leave your thoughts in the comments below.</h4> <hr> Follow @contentjunkie to stay up to date on more great posts like this one. <a href="https://steemit.com/@contentjunkie"><img src="http://i.imgsafe.org/dd8bd8753d.gif"></a>
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permlink | is-it-real-square-cfo-speaks-out-on-cash-app-bitcoin-trial |
category | bitcoin |
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How is Square handling the BTC transaction fees? If Square is swallowing those fees ad not passing on to customers, what a freaking sweet deal
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author | davebrewer |
permlink | re-contentjunkie-is-it-real-square-cfo-speaks-out-on-cash-app-bitcoin-trial-20171117t044738783z |
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I'd wager the fees are on the buyer seems pretty straight forward. You have to send bitcoin somewhere to buy something and in doing so you have to pay the fee.
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permlink | re-davebrewer-re-contentjunkie-is-it-real-square-cfo-speaks-out-on-cash-app-bitcoin-trial-20171117t044918926z |
category | bitcoin |
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Can you be more clear the find out of bitcoin square system to acquire proper knowledge
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permlink | re-contentjunkie-is-it-real-square-cfo-speaks-out-on-cash-app-bitcoin-trial-20171117t044847326z |
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I think it's great! As more mainstream companies integrate Bitcoin into their system, more people will learn about the tech and as a result increase the value of BTC. I think it's a win-win for everyone!
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