Posts

The power of Bitcoin

avatar of @jondoe
25
@jondoe
·
·
0 views
·
1 min read

Want to see your App take off? Enable Bitcoin buying!

Square's Cash App was getting its lunch eaten by PayPal's Venmo in terms of usage and new downloads.

Going back to 2014, Venmo was more heavily downloaded in every quarter.

Then, in mid 2017 something very interesting happened.

Square decided to enable bitcoin purchases, and guess what happened?

Since that announcement and change, Cash App has seen more downloads than Venmo in every single quarter since.

Check it out:

Source:

https://twitter.com/Marlin_Capital/status/1331604127701405696/photo/1

(I guess tweets are now showing up embedded when you try and paste the source, cool!)

Now that is a truly amazing stat when you think about it! They haven't been beaten even one quarter since.

That goes to show the power of bitcoin in terms of making your application popular.

Posted Using LeoFinance Beta