Bitcoin’s price may still be on the decline, but that hasn’t stopped some major companies from piling onto the cryptocurrency craze. Last month it was Kodak, and now Square (the mobile payments company created by Twitter co-founder Jack Dorsey) is jumping on the Bitcoin bandwagon, too.
Dorsey announced on Wednesday that Square Cash, the company’s answer to Venmo, will let you buy and sell Bitcoin from inside the app. The entire process looks pretty simple, but here’s a quick guide to investing in the original cryptocurrency with Cash if you need some help.
Before getting started you’ll need to make sure you have some money in Square Cash. You can do that by adding money directly into your account, or just wait until someone sends you money with Cash and then use that to buy Bitcoin.
You’ll also need to agree to the company’s new terms of service for virtual currency. The price of Bitcoin is the lowest it’s been in weeks, and you may want to get in in on the action Once that’s out of the way, open the Cash app and select Cash Card, or just tap on the dollar amount at the top of the screen.
Then swipe left and you should see the Bitcoin symbol. Tap on “Buy” and select how much money you want to spend using the slider (you can also swipe up to enter a specific amount). Read more from lifehacker.com…
thumbnail courtesy of lifehacker.com