Report: Square’s Cash App Is Testing a Stock Trading Feature
Ana Alexandre's original article for cointelegraph.com reduced by 70%
Square's cryptocurrency-friendly payment app Cash App is reportedly testing a new feature allowing customers to buy and sell stocks. Expanding Cash AppCiting a source familiar with the matter, Bloomberg reported on Sept. 12 that the San Francisco-based startup's employees began testing the new feature in recent weeks.
Once released, it will allow Cash App users to make free stock trades. Square has reportedly not yet determined the exact date of the new option launch. Cash App and cryptoSquare made Bitcoin deposits available on Cash App in late June.
In July, Cash App announced a giveaway of $50,000 worth of BTC following the continued growth of its stock price. At the time, Square's stock was up about 56% in 2019, having started the year at $57.2 and trading at $81.8 at the time, according to MarketWatch data.
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