Gartner analyst: If Square Bitcoin business is successful, it will have an advantage over other competitors

According to CoinDesk news, today, Square, a payment and mobile financial services company, officially announced its fourth quarter 2019 financial results. In this quarter, Square sold a total of more than $ 178 million in bitcoin, an increase of about 20% from the previous quarter and an increase of 240 %. Gartner analyst Avivah Litan said: "If Square can successfully develop its bitcoin business globally, especially in areas that are not easily accepted by merchants, and in countries where hyperinflation is occurring, The company will have an edge over its competitors in payment processing. "