Jack Dorsey’s Square Invests Big In Bitcoin

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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.