Twitter and Square Co-Founder Eyes Bitcoin as the Future
Jack Dorsey, the co-founder of Twitter and Square, believes Bitcoin is the future. In the wake of Facebook’s advertising ban on cryptocurrencies, Dorsey tweeted his support for “greater financial access for all”.
Instant buying (and selling, if you don’t want to hodl) of Bitcoin is now available to most Cash App customers. We support Bitcoin because we see it as a long-term path towards greater financial access for all. This is a small step.
We also made this! https://t.co/z3u0liDNk4
— jack (@jack) January 31, 2018
Square’s Cash App now allows customers to easily buy and sell Bitcoin. (Residents of New York state, Georgia, Wyoming and Hawaii are excluded.)
Bitcoin purchases through the app are capped at $10,000 per week, with no limit on the amount that can be sold.
Dorsey and his team join the latest of wave of entrepreneurs, including the founders of Robinhood and FuzeX, who are creating platforms that will make Bitcoin adoption seamless and easy.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Your transfers and trades are at your own risk. Any losses you may incur are your responsibility. Please note that The Daily Hodl participates in affiliate marketing.
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