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“# Stripe builds new crypto team for payments three years after dropping Bitcoin ” U.S. fintech giant Stripe is hiring a new blockchain team to enable crypto payments for its users. The $100 billion company is returning to the crypto sector three years after it pulled back from offering Bitcoin support due its slow transaction…
“# Afterpay ‘absolutely’ keen to explore crypto services after regulations clarified ” Australian buy now pay later (BNPL) giant Afterpay — now part of Jack Dorsey’s Square — has said that it is likely to pursue cryptocurrency services once the regulatory framework is clear. Following on from Afterpay’s submission to the Senate inquiry into “Australia…
“# Afterpay tells Senate inquiry crypto could slash merchant payment costs ” Australian buy now pay later (BNPL) firm Afterpay believes that local merchants can slash payment costs by utilizing cryptocurrencies. In a submission to the Senate inquiry into “Australia as a Technology and Financial Center”, Afterpay stated that the use of blockchain-based transactions would…
“# Twitter to allow users to add BTC and ETH addresses to profiles: Screenshots ” Twitter appears to be developing functionality that enables users to add Bitcoin and Ethereum addresses to their profiles. The latest update is believed to be a part of Twitter’s Tip Jar feature — which was introduced in May this year…
“#Square shares tumble after it announced $29B Afterpay deal” Shares of financial services company Square tumbled almost 5 percent in premarket trading Monday after it announced a $29 billion deal to acquire “buy now, pay later” firm Afterpay. Square, which is helmed by Twitter boss Jack Dorsey, announced the all-stock deal on Sunday evening. Shares…
“# Square to acquire Australian fintech Afterpay in $29B deal ” Jack Dorsey’s cryptocurrency-friendly digital payments firm Square is expanding competition with global payment giants like PayPal by acquiring a major Australian lending company. Square announced Sunday that the firm has entered into a scheme implementation deed to acquire all of the issued shares in…
“# Cash App’s quarterly Bitcoin revenue triples despite BTC impairment loss for Square ” Jack Dorsey’s Square has reported a 200% increase in Bitcoin revenue for the second quarter year-on-year (YoY). The company announced the impressive earnings figures in its second-quarter shareholder letter on August 1. In the report, Square revealed its total gross profit…
“# Aave founder hints at developing ‘Twitter on Ethereum’ ” Aave founder Stani Kulechov told his 90,000 Twitter followers on Saturday that his platform should build “Twitter on Ethereum” after Jack Dorsey said he was developing a new Bitcoin (BTC)-centric financial services platform with striking similarities to Aave. Since @jack is going to build Aave…
“# DeFi on Bitcoin: Jack Dorsey launches new Square division to make it ‘easy’ ” Square CEO Jack Dorsey has stated that the firm is building a new division that will focus on building decentralized finance services that utilize Bitcoin. Dorsey made the announcement via Twitter earlier today, and revealed that Square’s new division will…
“# Jack Dorsey confirms Square is building an ‘assisted custody’ BTC hardware wallet ” Digital payments firm Square is building a Bitcoin hardware wallet, with CEO Jack Dorsey and hardware lead Jesse Dorogusker both confirming the plan on Twitter. The tech entrepreneur and Bitcoin proponent, first teased the idea for a Square hardware wallet and…