BitcoinWorld

Black_background_logo_BitcoinWorld-removebg-preview
Latest News

Jack Dorsey’s Square Invests Big In Bitcoin

Today, Square announced that it has purchased $50M in bitcoin. Square believes cryptocurrency is an instrument of economic empowerment and provides a way to participate in a global monetary system, which aligns with the company’s purpose.

Financial services company Square has announced that it has purchased $50 million in Bitcoin.

The company headed by Twitter’s Jack Dorsey, says that it believes that cryptocurrencies are an instrument of “economic empowerment and provides a way to participate in a global monetary system, which aligns with the company’s purpose.

The company has been rather open when it comes to its overall stance on cryptocurrencies. Earlier in September, it even created a non-profit organization to fight cryptocurrency patent trolls.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.