"Square" payment service revenue from bitcoin transactions grew to 600%

Payment service "Square Inc" reported that at the second quarter the company's revenue was 1.92 billion $, which is 64% more than a year earlier. The company noted that its Cash App for money transfers showed an increase for 167% till 281 million $. Proceeds in bitcoin operations was 875 million $ in the second quarter.

The company was able to obtain such results in a global pandemic, when clients actively used services to send and receive money, remotely payment for goods and services, as well as trade operations, including in the cryptocurrency market.

After the publication of reports, the shares of "Square Inc" rose for 10%.

Pay Ring company took part in the creative business Forum
Source: https://www.ntv.ru/peredacha/segodnya/m23700/o621296/video/
Anonymous electronic wallets have been banned from replenishing with cash in Russia
Amendments to the law "On the national payment system" entered into force in Russia. Now, if the person who is replenishing a wallet has not been identified, the transaction will be possible only from the bank account.
Citizens have invested over 1.7 trillion roubles into the stock market in the first half of the year
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