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Square Cash app is growing faster than Venmo, getting a boost from bitcoin, analyst says

“Square Cash, the mobile payment app developed by Square, is growing faster than PayPal’s Venmo, according to Nomura Instinet” writes Thomas Franck for “With Square Cash App now open for Bitcoin trading in most states, comparing its growth versus the popular Coinbase app is noteworthy,” he added.Since early 2016, Square Cash app downloads have averaged 128 percent year-over-year growth each month versus Venmo’s 74 percent, according to a Nomura analysis.”Here, while Coinbase saw growth peak around the holiday time — as Bitcoin prices spiked — Coinbase’s growth has slowed from record levels, whereas Square Cash App experienced more balanced growth.”.

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