Some Square Users Can Now Convert Their Dollars to Bitcoin Via Cash App [Yahoo! Finance]
Block, Inc. Class A, (SQ)
Last block, inc. class a, earnings: 2/26 04:05 pm
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Source: Yahoo! Finance
and peer-to-peer payments app Cash App, to give retail stores the ability to automatically convert a portion of their daily sales into bitcoin {{BTC}}, according to an announcement on Wednesday. The tool, called Bitcoin Conversions, will set eligible Square users up with a dedicated Cash App account programmed to receive 1% to 10% of their store's revenues, which will then be converted on their behalf into BTC, which can then be held, sold or transferred “as they see fit.” The service will be limited to sole proprietors or single member LLCs until a full rollout to Square customers in the coming months. Block reportedly carried out market research by surveying Square sellers and found that there is demand for a product like Bitcoin Conversions. Many merchants “are interested in bitcoin and believe it presents a wide range of use cases, such as long term savings and diversifying their businesses' holdings,” the company's press release says. “Many sellers have told us they want an
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- Block, Inc. (NYSE: SQ) had its price target raised by analysts at TD Cowen from $90.00 to $92.00. They now have a "buy" rating on the stock.MarketBeat
- Block, Inc. (NYSE: SQ) had its "buy" rating re-affirmed by analysts at Canaccord Genuity Group Inc.. They now have a $95.00 price target on the stock.MarketBeat
- Block (SQ) Q1 Earnings & Revenues Beat Estimates, Rise Y/Y [Yahoo! Finance]Yahoo! Finance
- Block, Inc. (NYSE: SQ) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $99.00 price target on the stock.MarketBeat
- Block, Inc. (NYSE: SQ) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $90.00 price target on the stock.MarketBeat
SQ
Earnings
- 5/2/24 - Beat
SQ
Sec Filings
- 5/3/24 - Form 4
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 8-K
- SQ's page on the SEC website