- August 15, 2018
- Posted by: Bitcoin Center NYC
- Category: The Latest Bitcoin News
Square’s Cash App users in all 50 United States now have the ability to buy and sell bitcoin on their platform.
The company announced the final roll out in an August 13th tweet. The process of offering bitcoin on the Cash App began January 31, 2018 when users in all states other than New York, Georgia, Hawaii, and Wyoming had the ability to trade bitcoin.
Since that time, the company was able to meet New York’s cumbersome BitLicense requirements and laws in Wyoming were amended to remove a double reserve requirement for companies dealing in cryptocurrency. According to CoinDesk, however, it is not yet clear what changed for the company in Georgia or Hawaii, where support is now available.
This roll out is one of a number of trading platforms competing in the United States. The popular financial services app Robinhood, for example, continues to roll out support for more additional crypto-currencies on their zero-fee crypto platform. While competition in the U.S. increases, the country’s most popular platform, Coinbase, has progressed in the European market by now offering British pound support for U.K.-based customers.