Bitcoin Price Surges More Than 9 Percent After Square App Adoption

0
228

Bitcoin prices have surged more than 9 percent on Wednesday to a high of over $7,300 with the news that the application Square is analyzing backing for the cryptocurrency through its subsidiary payment application, Cash.

MAKE SURE TO FOLLOW US ON TWITTER: @BLCKCHAINDAILY

Square shares increased more than 5 percent on the news of the company betting on the technology but states that the test does not allow customers or businesses to send or accept bitcoin, rather just buy and sell the cryptocurrency within the application.

“We believe cryptocurrency can greatly impact the ability of individuals to participate in the global financial system, and we’re excited to learn more here,” the company stated.

Bitcoin prices are up nearly 580 percent in 2017 as the cryptocurrency continues to recover over $1,000 in the last two days after losing approximately a third of its value in four days.

CLICK HERE FOR MORE BLOCKCHAIN NEWS

Donate BTC: 13xyfdE1ERCu6ZaZ6Ejj7x6B7au8GJXont
Donate LTC: LeVDY175o9B5PZJzPihAAFqCVcFHRaiVsB
Donate ETH: 0x3930890DC36E40e17c280aF5A80cEAC30732cFB9

Leave a Reply