|Bid||57.34 x 100|
|Ask||57.37 x 300|
|Day's Range||54.30 - 57.73|
|52 Week Range||16.11 - 57.73|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 1, 2018 - May 7, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||47.65|
Investing.com - Mobile payments company Square (NYSE:SQ) has said it is looking at more ways to integrate bitcoin into its business. One Wall Street firm may have an idea.Nomura Instinet surveyed 100 U.S. merchants using Square's platform and found that 60% of them were willing to accept bitcoin as payment. The merchants all have at least $100,000 in annual revenue.Square already allows users to buy and sell bitcoin on its Cash app, which is now used by about 7 million people. Square's co-founder and CEO Jack Dorsey believes Bitcoin is a "transformational technology" and sees it as a "step in the long-term path toward greater financial access for all."Square's stock is up about 50% in 2018.
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The unqualified success of the payment app is inviting competition from players big and small, all wanting a piece of its peer-to-peer payment popularity.
NEW YORK, NY / ACCESSWIRE / March 15, 2018 / Square shares soared to a near all-time high on Wednesday after an analyst from Nomura Instinet compared the stock to Amazon's early days. Shares of PayPal ...
Payments network Square (SQ) has been allowing its users to buy and sell bitcoin through its Cash app. One analyst thinks that merchants are now ready to receive payment in bitcoin, despite the digital currency's volatile price swings. In a survey of nearly 100 merchants who use Square, Instinet analyst Dan Dolev found that about 60% were willing to accept bitcoin as payment in lieu of cash.
Stocks opened higher on Wednesday morning, but U.S. indexes quickly slumped into the red on the back of continued concerns about an impending trade war.
A report by Nomura Instinet predicted a long runway for Square in cryptocurrency, citing a survey of U.S.-based Square merchants in which 60 percent said they would accept bitcoin as payment.
Shares of Square Inc. (SQ) gained more than 4.5% in early morning trading Wednesday after a recent survey found widespread satisfaction among the payment company's merchants and highlighted new bitcoin-related opportunities that could be on the horizon.
Nomura Instinet reiterates its buy rating on Square shares, citing merchants' willingness to accept bitcoin for store payments.
More than half of the retailers that use Square Inc.’s technology at the checkout stand would take Bitcoin as a form of payment, according to a new study.
Shares of Square Inc. are up 1.3% in premarket trading Wednesday after an analyst at Instinet cited high merchant willingness to accept Bitcoin as a form of payment. According to Instinet's recent survey ...
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