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All Posts Term: bitcoin
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Square Acquired Weebly: What Does It Mean For Other Website Builders?

WeeblySquare

Weebly has a substantial amount of subscribers at 625,000. Merchant payment processor Square acquired Weebly for $365 million. Square intends on global expansion via this acquisition. A great portion of Weebly users lie outside of the United States, allowing Square to address a bigger audience of entrepreneurs. Revenues are expected to rise from $744 MM to $764 MM. The team members are also included in the merger. Most of the team from Weebly will be joining forces with the Square team.

The merger occurred during late April 2018. The merger is slated to help businesses all over the world. The services of both companies will line up well together. The CFO of Square stated that she feels both companies are culturally aligned. Backers of the acquisition include Floodgate, Sequoia Capital, Tencent, Felicis Ventures, and Y Combinator.

Internet Today

Ripple Takes Measures To Promote XRP

XMR

Ripple Aims to Make Investments in Startups That Will use XRP Cryptocurrency

Payments firm Ripple announced that it intends to invest in technology startups to broaden the scope of XRP - its' cryptocurrency which is presently the third biggest digital coin behind ethereum and bitcoin, relative to total market capitalization.

In January and December, XRP rose in value after a crypto market surge that involved bitcoin reaching almost $20k per coin. Collectively, the value of XRP was over $128 billion at its' highest, prior to a January market slump that diminished that value substantially. Now, the coin has a $30 billion market cap, however Ripple has been criticized for XRP's apparent lack of use. Originally, this was advertised as a banking tool, but it has only attracted overseas payment services as clients.

Amazon Announces Virtual Currency, Amazon Coins

The bitcoin logo

The bitcoin logo (Photo credit: Wikipedia)

Amazon Announces Virtual Currency, Amazon Coins

Earlier this week, Amazon announced their new service, Amazon Coins, which is a virtual currency used to buy apps, games and other in-app purchases. 

They kicked off the launch by giving all Kindle Fire owners $5 worth of Coins, equal to 500 coins.  Users can buy more Coins, and they can save up to 10 percent for buying high quantities at a time. 

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