Bitcoin-related revenue for digital payments company Square surged 600% year over year to $875 Million in Q2 as the public health crisis unfolded. Revenue growth would have been flat if not for bitcoin trading. Square says it only applies "a small margin to the market cost of bitcoin," and it generated $17 million of gross profit from the transactions, up 711% year over year. Read More...
Bitcoin-related revenue for digital payments company Square surged 600% year over year to $875 Million in Q2 as the public health crisis unfolded. Revenue growth would have been flat if not for bitcoin trading. Square says it only applies “a small margin to the market cost of bitcoin,” and it generated $17 million of gross profit from the transactions, up 711% year over year.
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