Payments platform Square has announced that its users can now use Cash App to buy bitcoin in all 50 US states.
In November 2017, Square integrated bitcoin on its Cash App to allow users to buy, sell and hold bitcoins, but not to make payments with it.
Payments platform Square has withdrawn its application to the Federal Deposit Insurance Corporation (FDIC) for a special purpose banking license, although it plans to refile its paperwork at a later date.
In September 2017, Square applied with the FDIC for a special “industrial loan company (ILC)” license,
Payments platform Square is planning to roll out consumer-to-merchant payments via bitcoin.
During a private media call with MarketWatch, Jack Dorsey, CEO of Square and Twitter, said: “Bitcoin, for us, is not stopping at buying and selling. We do believe that this is a transformational technology for our industry,
