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Square's Cash App Generated $1.82 Billion of Bitcoin Revenue
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The well-known payment giant Square released its third-quarter financial report, showing that the mobile payment application Cash App under Square achieved $1.82 billion in Bitcoin revenue.
Square Cash App generated $1.82 billion in Bitcoin revenue and $42 million in Bitcoin gross profit in the third quarter of 2021, both increased 11% and 29% year-on-year.
The report stated that part of the year-on-year growth came from the surge in the price of Bitcoin.
The volatility of Bitcoin's price in
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