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.
