Поделиться этой статьей
'Is It Real?': Square CFO Speaks Out on Cash App Bitcoin Trial
The CFO of mobile payments firm Square has explained why the company launched a bitcoin pilot scheme.
Автор Sujha Sundararajan
Sarah Friar, CFO of payments firm Square, has filled in some of the detail on why the company has launched a bitcoin pilot scheme.
Revealed yesterday, Square's mobile payments product, Cash App, is now allowing a limited number of users to buy or sell bitcoin within their accounts.
STORY CONTINUES BELOW
Не пропустите другую историю.Подпишитесь на рассылку Crypto Daybook Americas сегодня. Просмотреть все рассылки
Talking to CNBC, Friar explained:
"You're talking about it, it's out there, and so we want to do an experiment and say, OK, is this real? Do customers actually want to be able to do this?"
Friar noted that customers often feed back desired features in Square's products, and that some using Cash App to make payments have requested an "easy way to buy and sell bitcoin."
Arguing that the fastest way to get moving with new trends is to build innovations around them, Friar said, ultimately, risks have to be taken – citing the example of early days of internet or the cloud as examples.
While future developments with bitcoin are uncertain, she added, "as an innovator" Square has to give customers what they want.
Square logo image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin gets 'base case' price target of $143,000 at Citigroup
The Wall Street bank said its bitcoin forecast relies on further crypto ETF inflows and a continued rally in traditional equity markets.
What to know:
- Citigroup's base case for bitcoin (BTC) is a rise to $143,000 in 12 months.
- Analysts highlight $70,000 as key support, with the potential for a sharp rise due to revived ETF demand and positive market forecasts.
- The bear case sees bitcoin falling to $78,500 amid a global recession, while the bull case predicts a rise to $189,000 due to increased investor demand.
Top Stories
