SQUARE

The company generated a profit of $2 million from selling Bitcoin.

The company did not specify his role in the newly formed team.

The profits from the sales were capped at $832,000.

Dorsey who is also the CEO of Square, says the effort is designed to improve the BTC ecosystem.

Despite the impressive revenue, the firm pocketed only $1.69 million from BTC sales.

Square had withdrawn its initial application to create a deposit-taking bank in July.

Square's stock prices are dipping in spite of a fairly positive Q3 report.

Previously, the feature was not available to residents of Georgia, Wyoming and Hawaii.

The company, which more than doubled in value last year, plans to refile after it bolsters its application.

Square founder and CEO Jack Dorsey has repeatedly shared his enthusiasm for digital currencies.

In spite of technical hurdles, Jack Dorsey foresees a bright future for Bitcoin.

Coinbase still has not resumed operations within Wyoming after suspending them indefinitely in 2016.

Jack Dorsey, Square CEO: “Bitcoin, for us, is not stopping at buying and selling.”

After more than half a year in the works, Square is finally mobilizing its offering in the UK.

Square is looking to expand to Europe, however the group may have to rethink its strategy post Brexit.

Square has entered into a partnership with MaRS fintech hub to help expand its presence in Canada.

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