RATE Group | Bitcoin-Friendly Cash App Tops PayPal in Google Play Store
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Bitcoin-Friendly Cash App Tops PayPal in Google Play Store

11 Dec Bitcoin-Friendly Cash App Tops PayPal in Google Play Store

Posted at 12:03h in Bitcoin News by

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Square Cash app bitcoin

Square’s Cash App has achieved a key milestone on the road to mainstreaming bitcoin usage by becoming the most popular app in the finance category on the U.S. Google Play Store ahead of PayPal. The app, which has spent much of the past year gaining tremendous amounts of ground within the millennial market segment is now America’s most downloaded finance app on Google Play.

Earlier in August, CCN reported that Cash App overtook Venmo to go into second place on the ranking behind PayPal, with a steady growth rate of 154 percent. In the same month the company announced that it had enabled bitcoin buying and selling services for users in all 50 U.S. states.

Square Growth Driven by Bitcoin

2018 has seen Square record some impressive growth, revenue and profit numbers driven largely by the exploding popularity of bitcoin usage among Cash App users. In August, Square CFO Sarah Friar remarked that the company is “seeing real growth” as a result of the strong performance of…

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