- Square Crypto’s official website, squarecrypto.org, is now live on the web.
- Square Crypto focuses on improving and promoting Bitcoin.
- Investing in SQ stocks might be a good decision.
- Twitter and Square CEO Jack Dorsey believes in BTC’s potential to be the internet’s best currency.
- His company’s $10 billion cash reserve may be invested in BTC soon.
Twitter and Square CEO Jack Dorsey finally revealed his cryptocurrency-focused payment company’s official website. Personally built by himself, Square Crypto’s portal is now live on the web.
As Square shows solid performance related to the Cash App and blockchain initiatives, stock market analysts predict that it may be worth it as an investment.
Squarecrypto.org is here
Built on top of Adobe Dreamweaver by the known Bitcoin advocate and billionaire, Square Crypto can now be accessed by the public online.
— Square Crypto (@sqcrypto) September 23, 2020
Square Crypto was founded to improve and promote bitcoin, both through the company’s own projects and by supporting the work of others. As per its site, among its latest updates is the Crypto Open Patent Alliance (COPA), an industry-first alliance that aims to provide access to patents covering foundational cryptocurrency technologies.
In addition, Square Crypto’s grants are given to support the ever-increasing and more engaged bitcoin developers community. As a matter of fact, they have already granted $100,000 to BTCPay Foundation in support of the BTCPay Server as well as an undisclosed amount to pseudonymous developer ZmnSCPxj and bitcoin developers Jon Atack and Tankred Hase.
SQ stock investment might be a good idea
In line with the Square Crypto release, Square is currently one of the most successful global fintech companies that offer a wide variety of products in the payments ecosystem. Established by Dorsey in 2009, Square Inc. launched its first app and service in 2010 and has been traded as a public company on the New York Stock Exchange (NYSE) since November 2015.
Cash App, its mobile payment service, skyrocketed in popularity as Americans turned to the app for unemployment benefits amid the COVID-19 pandemic. This is done by joining the “Cash App Friday” weekly giveaway. Some analysts have estimated that Cash App is worth 60% of the total value of SQ stock.
Bitcoin might be thanked for that as the company has reported a significant bitcoin revenue increase in the Cash App during the second quarter of 2020.
Cash App generated $875 million of bitcoin revenue and $17 million of bitcoin gross profit … up 600% and 711% year over year, respectively.
Twitter and Square CEO Jack Dorsey believes in BTC
As Square, blockchain, and cryptocurrency continue to work well together, this is undeniably driven by Dorsey’s strong belief on the leading digital asset.
In an interview with Times London two years ago, he stated his support for BTC’s potential:
The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be bitcoin.
Until today, he sticks to his belief as he puts #bitcoin as his Twitter bio. With the recent green light of Microstrategy into BTC, the crypto community raises questions on when Dorsey will do the same.
— hodlonaut 🌮⚡🔑 (@hodlonaut) September 17, 2020
It may be sooner than we think as prominent trader and entrepreneur Willy Woo hinted that the CEO is overseeing a $10 billion cash reserve. Investors are merely hoping that this amount will be staked on BTC in the future.