A number of sellers are diving headfirst into cryptocurrencies as a form of payment for e-commerce purchases. The latest is Japanese e-commerce giant Rakuten.
In its year-end earnings report, Square (NYSE: SQ) said it had purchased approximately 3,318 bitcoins at a cost of $170 million. The company previously had purchased $50 million in bitcoin. The total of approximately $220 million represents roughly 5% of Square’s total cash, cash equivalents and marketable securities on hand as of Dec. 31,...
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