Residents of all 50 U.S. states are now able to buy and sell bitcoins through the Cash App from the payment provider Square.
In January, Square made the purchase and sale of bitcoin available to almost all US citizens, with the exception of Wyoming, New York and two other states, where regulation of the sphere is particularly strict. However, in June Square received BitLicense, a special license that allows it to operate in the state of New York.
Despite the deep fall in the market capitalization of the cryptocurrency, Square’s audience was growing rapidly. So, during May and June the number of users of Cash App increased by 4 million people.
Also, recently it turned out that Square prefers to cooperate not with exchanges, but with OTC-platforms and private brokers. This approach protects users from excessive fluctuations in the bitcoin rate, and also allows to avoids various security problems.