Cash App: a surge in investor activity

Financial investments in the first cryptocurrency began to increase, despite the collapse of the stock market and the impact on the economies of the rapidly spreading coronavirus, said Square Chief Financial Officer Amrita Ahuja. She noted that investor activity is growing steadily and last week the Cash App application developed by the company was used by a record number of users.

“Participation in equity investments in bitcoins has accelerated in recent weeks amid interest in trading and market volatility,” said Amrita Ahaja.

Note, Square previously published positive statistics reflecting the growth in Bitcoin purchase volumes in the fourth quarter to $ 178 million. It is likely that market participants are interested in trading and the updated application design using the built-in investment opportunity.