Square, which is enjoying growing success with its Cash app, revealed that it had sold €1,63 billion worth of bitcoin with a gross profit of €32 million from the digital currency for the third quarter of 2020. The cryptocurrency has proven popular. between the partnership and recently purchased €50 million worth of bitcoins, underscoring his commitment to the digital currency. In its latest earnings report, the company announced that overall revenue more than doubled to €3.03 billion in the same period, with strong demand for products that let consumers spend their money. online instead of physical media. The financial services company, known for its quick and easy card reader products, has seen an increase in revenue from online payments, along with increasing use of the consumer-focused Cash app. The mobile digital wallet software managed to generate a gross profit of €385 million, and Square said this is a 212% increase from last year. Square, led by Twitter boss Jack Dorsey, processed €31,7 billion in payments for the third quarter of this year. Publishing the numbers yesterday, the company said the numbers were up 12% from a year earlier.