RATE Group | Square Seen Rising Higher on Bitcoin, M&A
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Square Seen Rising Higher on Bitcoin, M&A

04 Jun Square Seen Rising Higher on Bitcoin, M&A

Posted at 20:45h in Bitcoin News by

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Shares of Square Inc. (SQ) are surging and show no signs of slowing down amid the cryptocurrency craze and optimism over the company’s latest acquisition. Having announced last November that users were able to buy and sell bitcoin using its mobile app and more recently announcing plans to acquire e-commerce platform Weebly, shares of the mobile payment solution provider have reached new highs, according to Bloomberg.

Reaching New Highs

Square, co-founded by Twitter Inc. (TWTR) co-founder and current CEO Jack Dorsey, allows users to transfer cash among themselves via its Cash App and helps small businesses to process credit card transactions, track sales and inventory data and even obtain financing. As of late last year, the company now allows users to buy and sell bitcoin, and with the announcement in late April that it will acquire Weebly, Square will be even more well equipped to serve creative entrepreneurs and small business owners. (See also: What is…

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