BTC Sales Thru Cash App to Rise by 245% in a Year

Cash app is developed by the Square Inc, run by the Twitter creator; it allows you to send money and trade Bitcoin
07 November 2019   183

In the third quarter, Square’s Bitcoin sales through Square’s Cash App reached a record $ 148 million. This is 245% more than a year earlier and 20% higher than the second quarter.

In a letter to investors, the company noted that the number of Bitcoin buyers "doubled for the first time."

The profit remained at the level of the second quarter - $ 2 million, and the total revenue from the Cash App in the quarter - $ 307 million.

Ver to Launch $200M Fund to Develop BCH Ecosystem

There's no a lot of info, but it is expected that it will be created on the basis of the Bitcoin.com infrastructure in 2020
20 November 2019   131

Well-known entrepreneur Roger Ver announced the creation of a new fund for $ 200 million to support projects working on the development of the Bitcoin Cash cryptocurrency ecosystem. This was announced during a meeting in London on Tuesday by the co-founder of Blockchain, Nicholas Carey.

Information on the structure of the fund is still unknown, but it is expected that it will be created on the basis of the Bitcoin.com infrastructure in 2020.

I promoted bitcoin. Today I am promoting Bitcoin Cash. Tomorrow I will promote something else if it surpasses Bitcoin Cash in terms of the spreading economic freedom in the world,” Ver said at a meeting in London.
 

Roger Ver

CEO, Bitcoin.com and Bitcoin Cash promoter

It is noteworthy that, judging by a recent publication on Bitcoin.com, the company's business model is now leaning toward the use of smart contracts, intending to compete with Ethereum and other similar platforms.

Although the authors acknowledge that initially Bitcoin Cash was not conceived as a smart contract platform and does not have many features that can be found on Ethereum, they note that many companies do not need such features. For example, for a simple issue of tokens, the Simple Ledger protocol tied to the Bitcoin Cash blockchain can handle.

In the early stages of the existence of bitcoin, Roger Ver was one of the main evangelists of the first cryptocurrency. Later, however, he went to the camp of supporters of Bitcoin Cash, playing an important role in the hard fork implemented in 2017, as a result of which BCH was born.