The millennials have spoken!
Square's Cash App has become the number 1 downloaded finance app in Google's play store.
A spot that has long belonged to Paypal.
It also finds itself ranked number 15 of the most downloaded apps overall.
Millennials seem to be the driving force behind this increase in downloads and usage.
Is bitcoin responsible for the spike?
It's very possible.
The Cash App was recently in 3rd place behind both Venmo and Paypal in the finance category.
Then in August of this year, Cash App announced that they had enabled buying and selling of bitcoin in all 50 US states.
What happened next?
Well, the Cash App went on to to become the most widely downloaded app in all of finance, even besting long standing stalwart, Paypal.
Good news for Square and crypto?
The popularity of Square's Cash App has helped propel the companies stock price to new all time highs.
In fact the market cap passed that of Twitter this year for the first time ever, the other company currently run by CEO Jack Dorsey.
There are rumors that Square will soon build a cryptocurrency exchange as they are one of the few companies that have received the much soft after New York BitLicense.
Either way, users of the Cash App are helping bitcoin gain adoption and plug holes in the financial ecosystem currently left by legacy financial systems.
Stay informed my friends.
Image Source:
https://www.ccn.com/bitcoin-friendly-cash-app-tops-paypal-in-google-play-store/
Follow me: @jrcornel
Millennials can't hold a job, want instant gratification, have low emotional intelligence(overgrown children), and don't hesitate to display their bad attitudes. 90+% of them have never bought any bitcoin but many like to walk around bragging that cryptocurrency is going to replace credit cards, while drinking their Starbucks coffee and getting into their Honda or Toyota and pretending to be taxi drivers because they have an Uber app, the Lyft app, and a Doordash app(none of which has yet to make a profit). And they do their sidetrips and use Square to take credit cards. Have you seen what they think pot is? OK, I've said enough.
I won't mention who is responsible for the latest bitcoin crash, but to leave a hint I'll say this: it wasn't any responsible adults.
UPVOTE THIS REPLY and leave your comments below. Try to spell correctly please and also, don't call me 'Dude'!
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Was it the 10% of millennials that bought bitcoin perhaps?!
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That's how they described my Generation (X) 25 years ago . Every Generation garnishes that Rep or something similar to it whether warranted or not LOL It's the old crows doing most of the bellowing because they feel irrelevant with old age ;)
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Great point. We always know better than the ones that come after us and do things a bit differently, right?! (sarcasm font on)
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gosh you old men are so bitter ;) ;) ;) lol
I was mining Bitcoin in 2011 i was 16 ^.^ mom was pissed about electricity tho... XD
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Still mining?
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Yeah, why not.. I stake crypto now and trade as well. Thinking about going solar.
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Solar mining?
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It'd be an interesting idea I believe long term solar panels will pay for themselves given current electricity rates in the US especially for mining. All we gotta do is maintain it and ensure an internet connection with our ISP. could be a fun project.
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might be some truth in that, dude
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lol.
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Sounds like you have it all figured out, ageist.
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Lol in his defense, he does describe quite a few people I know, though not all.
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True, maybe he'll do black people and Asians next. Not many people have heard these stereotypes, it will be good to spread the word.
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Haha it was one of the first times I had heard them. Though, I know of a few older folks who would agree with them. :)
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Can’t to see this adoption and interface extend to the ecosystem of merchants that have put together which is also growing very quickly according to their earnings reports.
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Yep, looking forward to it as well. Just need a couple major retailers to start accepting and the race is on.
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100% Crypto is laying a HUGE role in this. It is the EASIEST WAY to buy bitcoin and then withdrawal it to your wallet to date. Very minimal fee too
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Yep, I concur.
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Actually cash app is widespread and if they enable an exchange or act like coinbase
They can be a force.
This is where the money is.
Exchangers make money any direction the market is heading.
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Correct.
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so they can make person to person exchanges and swap money ... how do they add money, link to a bank account?
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Yes that is the primary option I believe.
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