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Square Receives NY BitLicense, Cash App Now Offers BTC Trading for New York Users

Published 06/18/2018, 04:14 PM
Updated 06/18/2018, 05:22 PM
Square Receives NY BitLicense, Cash App Now Offers BTC Trading for New York Users
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Financial services provider Square (NYSE:SQ) has received a BitLicense from the New York Department of Financial Services (NYDFS), according to a press release published today, June 18. As a result, Bitcoin (BTC) trading is now available to New York users of Square’s Cash App, according to Cash App’s Twitter.

Cash App released a Bitcoin option at the end of January to almost all of its users, originally excluding those in New York, Georgia, and Hawaii. With Square’s Point of Sale (PoS) network, adding a Bitcoin option means that merchants using Square could potentially accept Bitcoin as a form of payment.

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