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TL;DR
Block Inc. crushed their quarterly earnings report, reporting a complete of $5.5 Billion in Q2 internet income, with $2.4 Billion of that coming in from Bitcoin.
Block’s ‘Money App’ makes use of the BTC Lightning Community to let customers make small and fast funds between one another, in crypto.
Full Story
It is Quarterly Earnings Studies time!
ICYMI, yesterday we talked about Coinbase’s earnings report was about to come back out; and seems they crushed it in Q2.
(In the meantime, the US Gov has hit $37T in debt – that is a T for ‘Trillion’ of us).
One other firm whose quarterly earnings got here out yesterday was the Jack Dorsey-founded, Block Inc.
They crushed it too, reporting a complete of $5.5 Billion in Q2 internet income, with $2.4 Billion of that coming in from Bitcoin.
Block’s ‘Money App’ makes use of the BTC Lightning Community to let customers make small and fast funds between one another, in crypto.
For every transaction, they take a small charge in the identical means that American Categorical takes a small charge whenever you use their bank cards.
Seems, numerous small charges can flip into:
Lots of people being onboarded into Web3.
Billions of {dollars} (or $2.4B within the quarter to be extra exact).
Two thumbs up, we like to see it!
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