San Francisco-based payment service, Square, will be focusing on developing additional options for Bitcoin (BTC), this according to their CEO Jack Dorsey.
In a conference call with Market Watch, Dorsey specifically discussed Square’s Cash App, will already allows users to buy and sell Bitcoin. He said thus, “Bitcoin, for us, is not stopping at buying and selling. We do not believe that this is a transformational technology for our industry, and we want to learn as quickly as possible.”
Furthermore, “[C]ustomers can now buy and sell Bitcoin in Cash App. We observed that this was a feature our customers wanted, and we support Bitcoin because we see it as a step in the long-term path toward greater financial access for all.”
Cash App’s buy/sell option for Bitcoin was first launch for a limited number of users back in November of 2017. It is available in 50 US states, along with other Cash App features such as instant fiat transactions and free cash-outs.