THELOGICALINDIAN - Just canicule afterwards been called the hottest download on the iOS appliance abundance Squares cryptocurrencyfriendly Cash App has risen to the top of addition blueprint This time it has been called as the best downloaded banking appliance on the added arch operating systems app abundance Google Play
Although acutely absolutely absorbing in its own appropriate (the Cash App is currently actuality downloaded added than offerings from competitors PayPal and Venmo), the account is all the added agitative because of Square’s affection of all things cryptocurrency. The app not alone offers Bitcoin affairs and affairs but is additionally headed by agenda bill perma-bull Jack Dorsey.
Square’s Cash App Helping to Normalise Cryptocurrency Use
It was alone yesterday that NewsBTC appear on the Square Cash app ascent to the top of the best downloaded applications on the Apple iOS store. The account aboriginal bankrupt by way of a Twitter advertisement from the company’s cryptocurrency specialist, Miles Suter:
The easiest way for every distinct being in America to buy bitcoin is #1 on iOS today ? @CashApp pic.twitter.com/nYUt6tSkIJ
— Miles Suter (@milessuter) December 8, 2018
Fresh on the aback of this news, we accept a actual agnate story, aboriginal appear by Breaker. This time it involves Square’s Cash App authoritative it to the top of the Google Play Store for banking applications. Whilst not absolutely as absorbing as actuality the all-embracing cardinal one downloaded appliance on the iOS platform, it is still agitative account for all those with a vested absorption in Bitcoin’s boundless adoption.
Since Square is endemic by one of the best articulate proponents of cryptocurrency, Jack Dorsey, it has been keener than its competitors to embrace and advance the abstruse innovation. This was best acutely accent by its accommodation to advertise abutment for Bitcoin affairs and affairs aloof over twelve months ago.
Dorsey is additionally the CEO of Twitter and has frequently announced publicly about his acceptance in blockchain technology and, somewhat decidedly (given the opinion of abounding affiliated to firms accouterment added acceptable banking services) cryptocurrency itself.
Recently, Square appear that it planned to open-source its algid accumulator band-aid for agenda assets too. This distinguishes the aggregation from added competitors, such as Revolut – the crypto alms of which actuality acutely apparent in its reach, alms no advantage to use cryptocurrency bought aural the app alfresco it whatsoever. Clearly, Dorsey understands the accent of decentralisation to the agenda asset anarchy bigger than abounding added acquittal account providers.
Jack’s in the Cryptocurrency Game for the Long Haul…
It is not alone its affiliation into the Square Cash App and abundant accessible statements about Bitcoin that highlights Dorsey’s charge to agenda currency, however. The CEO has alike apprenticed his own money to advice advance the BTC arrangement into a absolutely industry toppling bout de force.
In March of this year, the billionaire acclimated $2.5 actor of his claimed funds to accounts a startup alive on the Lightning Network Bitcoin ascent solution. Once Lightning Network is absolutely implemented and understood, it is believed to acquiesce acceptable numbers of affairs to booty abode that could see Bitcoin appear as a austere adversary to the brand of VISA and MasterCard. This could acquiesce for the affectionate of acceptance that Jack, and abounding others, are acquisitive for in the mid-to-long-term future.
