60% Of Square's Q1 Cash App Revenue Came From Bitcoin
And smashes record with $306M in BTC revenue
Happy humpday, Blockfolians
Hot off the presses, Square has released its Q1 earning statements. Let’s not bury the lede:
Square and Cash App continue to be one of the most important on-ramps for crypto. This record growth suggests that some combination of market volatility, the bitcoin halving, and unlimited Fed spending is attracting a new user base.
Go, Jack, Go!
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A Really Big Number We Should Be Paying Attention To
That’s the size of the PPP loan that Tron seems to have gotten from the US government. The crypto community is….not enthused.