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Square Cash

FintechNews RoundupUSA
·Apr. 23, 2019

Small Iowa Community Bank Becoming a Fintech Hub

Lincoln Savings Bank is a 117-year-old community bank based in Iowa; but five years ago they started a fintech initiative...
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FintechNews RoundupUSA
·Feb. 1, 2018

Square Opens Up Bitcoin Trading

With the exception of those who reside in few states, users of Square’s Cash payments app can buy and sell bitcoin; users are limited to purchasing $10,000 in bitcoin per week; Square will not add fees to bitcoin transactions and uses the major exchanges to calculate prices. Source

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FintechNews RoundupUSA
·Mar. 9, 2018

Square’s Recent Stock Price Performance

Square’s stock is up over 200% in the past year; the run up occurred prior to news that the Square Cash app would allow users to buy and sell bitcoin; Square Cash had more than 7 million active users in December of last year; according to the Quartz article, the growth has also been fueled by recent bank partnerships; other successful lines of business include Square Capital which lent out $305 million to small businesses in the fourth quarter of 2017. Source

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