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Square Bought $50 Million Worth of Bitcoin: What Does it Mean to Investors?

Matthew Frankel, CFP, The Motley Fool
·5-min read

Fintech giant Square (NYSE: SQ) has allowed its Cash App customers to buy and sell bitcoin for some time now, and has some high-tech cryptocurrency initiatives underway. Here are the thoughts of Motley Fool analyst Jason Moser and Fool.com contributor Matthew Frankel, and what it might mean for shareholders. You know, we've got PayPal (NASDAQ: PYPL) with the Visa (NYSE: V) credit card, now we're talking about Square.