Against the backdrop of crisis in global financial markets increased significantly investing in bitcoin via the app the Cash App from Square. This was stated by CFO of Square, Amrita Ahuja, according to The Block.
«Attracting a small investment in bitcoin has accelerated in recent weeks amid interest in the market and volatility,» she said.
Square CEO Jack Dorsey also noted the «active participation and the growing volume of» the market of bitcoin.
In addition, Ahuja said that last week’s Cash App has set a record for the number of attracted customers.
Square previously reportedthat almost half of the company’s profit in the fourth quarter of 2019 was provided through operations with bitcoin.
We will remind, about how the economic crisis can affect the bitcoin industry, you can read the exclusive ForkLog.