Square Cash app grows despite bitcoin’s slide

Square seems to be immune from bitcoin's moves as its mobile payment app grew despite a drop in demand for cryptocurrency, according to analysis from Nomura Instinet. "Square is more than just a bitcoin play," says Dan Dolev, executive director and analyst at Nomura Instinet. Square Cash, which launched crypto trading in late January, is growing roughly three times faster than Paypal's Venmo, with nearly 2 million downloads per month, according to Nomura.