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Bitcoin Drove Half of Square's Cash App Revenue in the 4th Quarter - CoinDesk

Very close to half the revenue on Square's Cash App in the fourth quarter came from bitcoin.Jack Dorsey's payments company reported on bitcoin (BTC) profits as part of its fourth-quarter 2020 revenue results, in a shareholder letter released Wednesday. It reported bitcoin revenue of $178 million between Nov. 1 and Dec. 31, with profits of $3 million, up 50 percent over the prior two quarters.Non-bitcoin revenue on Cash App in the fourth quarter was $183 million. 

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