Square Doubles Bitcoin Revenue, Generating $125 Million via Cash App in Q2steemCreated with Sketch.

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Square generated $125 million in Bitcoin revenue in Q2 2019 through Cash App, double what it made during the previous quarter..

Payments company Square has generated $125 million in Bitcoin (BTC) revenue in the second quarter of 2019 through its mobile payments service Cash App.

Square released the information in the company’s Q2 2019 shareholder letter on Aug. 1. According to the letter, the company’s Bitcoin revenue benefited in part from the number one cryptocurrency’s price rally over the quarter. As a result of this price growth, there was also a correspondingly increased volume of Bitcoin, they say. This resulted in a $2 million gross profit for the company.


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