Square's third quarter bitcoin revenue increased by 244% year-on-year

Payment company Square, founded by Twitter co-founder Jack Dorsey, released earnings on Wednesday. Its earnings report showed that its revenue in the third quarter of this year was $1.27 billion, and it handled $148 million in bitcoin sales. Square's bitcoin revenue increased by 244% year-on-year, with only $43 million in revenue in the third quarter of 2018. More users are turning to Square's Cash App as a gateway to Bitcoin investment, especially after the company introduced a new user interface for the app.