The worlds first cryptocurrency, Bitcoin is stored and exchanged securely on the internet through a digital ledger known as a blockchain. Bitcoins are divisible into smaller units known as satoshis each satoshi is worth 0.00000001 bitcoin.

Another quarter, another bitcoin sales record for Square Cash App. Square posted a record $148 million in quarterly bitcoin sales for the third quarter of 2019, up ~20% on volumes from last quarter, and up more than 245% since Q3 2018. The post Square Cash App Q3 bitcoin sales topped a record $148 million, up over 245% since last year appeared first on The Block.

Square processed $148 million in bitcoin sales in the third quarter of 2019.

Squares Cash App has started charging fees of as much as 1.76 percent on bitcoin purchases, sources have pointed out to CoinDesk.

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