{"id":35183,"date":"2020-10-08T18:10:59","date_gmt":"2020-10-08T14:10:59","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=35183"},"modified":"2020-10-08T18:11:02","modified_gmt":"2020-10-08T14:11:02","slug":"square-buys-50-million-in-bitcoin","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/square-buys-50-million-in-bitcoin\/10\/08\/market-updates\/","title":{"rendered":"Square Buys $50 Million in Bitcoin"},"content":{"rendered":"\n<p>Square said Thursday it bought 4,709 bitcoins, worth approximately $50 million which represents about 1% of\u00a0Square\u2019s total assets as of the end Q2 of 2020.<\/p>\n\n\n\n<p>\u201cSquare believes that cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system, which aligns with the company\u2019s purpose,\u201d the company said in a release.\u00a0<\/p>\n\n\n\n<p>\u201cWe believe that bitcoin has the potential to be a more ubiquitous currency in the future,\u201d said Square\u2019s Chief Financial Officer, Amrita Ahuja, in a release. \u201cAs it grows in adoption, we intend to learn and participate in a disciplined way. For a company that is building products based on a more inclusive future, this investment is a step on that journey.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Square said Thursday it bought 4,709 bitcoins, worth approximately $50 million which represents about 1% of\u00a0Square\u2019s total assets as of the end Q2 of 2020. \u201cSquare believes that cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system, which aligns with the company\u2019s purpose,\u201d &hellip;<\/p>\n","protected":false},"author":9,"featured_media":32004,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,36],"tags":[6904,7001],"class_list":["post-35183","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-market-updates","tag-bitcoin","tag-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=35183"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35183\/revisions"}],"predecessor-version":[{"id":35184,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35183\/revisions\/35184"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32004"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=35183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=35183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=35183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}