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Square’s Cash App Received $875 Million in Bitcoin Revenue in Q2

Cash App from Square recently announced that it posted $17 million in gross profit. The company also said that its Bitcoin revenue during the second quarter went up to $875 million. Cash App helps Square gain revenue On Tuesday, Square said that it made $875 million in Bitcoin revenue via its Cash App service. This revenue was generated during Q2 2020. The press release came a day earlier than expected and Square called it “early external access of the company’s quarterly financials.” It noted that the Cash App generated about $17 million in gross profit from Bitcoin in the second…

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