Cryptocurrency
Square Receives NY BitLicense, Cash App Now Offers BTC Trading for New York Users via @cointelegraph
As reported by Cointelegraph, “Financial services provider Square has received a BitLicense from the New York Department of Financial Services (NYDFS), according to a press release published today, June 18. As a result, Bitcoin (BTC) trading is now available to New York users of Square’s Cash App, according to Cash App’s Twitter. “Cash App released a Bitcoin option at the end of January to […]
As reported by Cointelegraph, “Financial services provider Square has received a BitLicense from the New York Department of Financial Services (NYDFS), according to a press release published today, June 18. As a result, Bitcoin (BTC) trading is now available to New York users of Square’s Cash App, according to Cash App’s Twitter.
“Cash App released a Bitcoin option at the end of January to almost all of its users, originally excluding those in New York, Georgia, and Hawaii. With Square’s Point of Sale (PoS) network, adding a Bitcoin option means that merchants using Square could potentially accept Bitcoin as a form of payment.
“The Cash App support team noted on Twitter that while users can currently send Bitcoin to an external wallet, they can’t currently send it to other Cash App users on the platform.”