Square Joins Paycheck Protection Program as Stimulus Lender

Square joins Paycheck Protection Program in a bid to help the U.S. small businesses secure stimulus payments. Square, the world-famous crypto-friendly firm, will be part of the Paycheck Protection Program launched by the U.S. government in response to the COVID-19 pandemic. Square is well known for its love of Bitcoin, cryptocurrencies, and blockchain technology. The economic upheaval caused by the Coronavirus has led many governments to launch bailout programs. The U.S. government followed suit, and Congress passed an impressive $2.3 Trillion stimulus package to support the economy. The Paycheck Protection Program comprises $350 Billion in aid for small businesses that need to pay two months’ salaries to their employees immediately and its part of the overall stimulus package. Read More...

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