https://qz.com/1131180/bitcoin-btc-price-rose-12-after-square-sq-introduced-a-cryptocurrency-buying-feature/

Jack Dorsey’s other company, the payments firm Square, introduced a feature to buy, sell, and hold bitcoin in its Square Cash app in the past week, Forbes reported. This was rolled out to a “small number” of Square Cash users to start with, the firm said in a statement. It was good for Square’s stock, which rose up to 5% in intraday trading.

Square is already having a good year, with its stock up nearly 200% in 2017 so far. Dorsey has long talked up the potential of cryptocurrencies, calling it “the next big unlock” in technology. It looks like Square’s users also shared this view, and have been asking the firm for a bitcoin feature. “We’ve found that they are interested in using the Cash app to buy bitcoin,” Square said in a statement. “We believe cryptocurrency can greatly impact the ability of individuals to participate in the global financial system and we’re excited to learn more here.”