Square Cash app downloads accelerating even as bitcoin loses steam, Instinet says

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Instinet analyst Dan Dolev reiterated his upbeat stance on Square Inc. on Wednesday, given his latest look at Square Cash app downloads. Dolev said that downloads of Cash, Square’s peer-to-peer money transfer app, accelerated in May and June. That acceleration is notable given that bitcoin has witnessed a sharp price decline in recent months, and …

The post Square Cash app downloads accelerating even as bitcoin loses steam, Instinet says appeared first on ForexTV.

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