News Formal

Twitter's Jack Dorsey reveals how and why Square invested $50 million into a block of nearly 5,000 bitcoins | Currency News | Financial and Business News | Markets Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Twitter's Jack Dorsey reveals how and why Square invested $50 million into a block of nearly 5,000 bitcoins

more accessible and useful to millions of people through Square's Cash App.

Square said it"invested heavily" in a cryptocurrency infrastructure, or cold storage, to protect customer funds from potential hackers.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Square buys $50 million in bitcoin, says cryptocurrency 'aligns with company's purpose'Square said Thursday it bought 4,709 bitcoins, worth approximately $50 million. Oh, Square is now a currency speculator. Good to know, I thought I was investing in a consumer facing financial tech provider. 'We're bullish on imaginary internet currency.'
Source: CNBC - 🏆 12. / 72 Read more »