Jack Dorsey, CEO of Square's Cash payments app, announced on Wednesday that nearly all users can now buy and sell bitcoin on the platform, nearly all but except for those in New York state, Georgia, Wyoming and Hawaii as per the Square's website.
Shares of Square briefly grew 4 percent in price before closing 3 percent higher.
"We believe bitcoin and other crypto sales represent a potential mid/long term growth opportunity for Square and we are positive on the strategy," Credit Suisse analyst Paul Condra said in an email. "This strategy could also drive greater adoption of Square Cash and we note SQ is well positioned to potentially facilitate crypto-payment purchases at Square merchants at some point in the future."
However, Condra is worried that the stock is too expensive and sees shares falling about 20 percent from Wednesday's closing price to $37 in the near future.
(DISCLAIMER : I do not own the images & do not claim to be made by me)
This post used the @earthnation tag.
Earthnation is trending and if you have new paradigm, conscious focused, humanitarian, spiritual, or solution-based content then consider getting supportive upvotes with our @earthnation-bot swarm service or by joining our community Guild @ensteemit https://www.earth-nation-steemit-guild.com to where you can interact with like-minded souls.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I already did all steps from my side to join the guild before posting this one
Waiting for the final email that I'm in
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
We got your submission. You'll be sent a notification once we review it shortly. Thanks.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks a lot for the response, now I know the status.
I also have tried the #minnowboost on one of my post, hope I get that soon too
Thanks for everything
.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post has received gratitude of 2.65 % from @appreciator thanks to: @krupesh.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got a 2.36% upvote from @mercurybot courtesy of @krupesh!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post has received a 3.05 % upvote from @aksdwi thanks to: @krupesh.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post received a 5.040 SBD (100%) upvote from @upvotewhale thanks to @krupesh! For more information, check out my profile!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post has received a 0.46 % upvote from @drotto thanks to: @krupesh.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post has received a 1.59 % upvote from @morwhale thanks to: @krupesh.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@originalworks
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Your Post Has Been Featured on @Resteemable!
Feature any Steemit post using resteemit.com!
How It Works:
1. Take Any Steemit URL
2. Erase
https://3. Type
reGet Featured Instantly � Featured Posts are voted every 2.4hrs
Join the Curation Team Here | Vote Resteemable for Witness
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit