Bitcoin trades lower as Square creates a new business based on the cryptocurrency
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Bitcoin was trading nearly 3{4096c6f39d44714c45f5b36755bfd7eaecf49ae82832f8cdb01e260e21826c23} lower early Friday morning.
The price was around $31,470 per coin, while rivals Ethereum and Dogecoin were trading around $1,861 and 18 cents per coin, respectively, according to Coindesk.
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Square Inc. is starting a new business centered around Bitcoin.
The fintech company’s Chief Executive Officer Jack Dorsey made the announcement in a tweet on Thursday.
The focus will be on building an open developer platform with the goal of making