Jack Dorsey, CEO of Square Payment Service based in San Francisco, has revealed plans to the company aiming to develop options for Bitcoin (BTC) uses in a conference call Tuesday, February 27 with Market Watch.

Dorsey, who is also the CEO of Twitter, specifically discussed the company's Cash application, which now allows all users to buy and sell Bitcoin, saying Market Watch:

"Bitcoin, for us, does not stop at buying and selling.We believe that it is about a transformational technology for our industry, and we want to learn as quickly as possible. "

According to Square's Q4 2017 report, also released Feb. 27, the total network of The report states positively:

"In addition, customers can now buy and sell Bitcoin in Cash App.We have observed that it was a feature that our customers wanted, and we support Bitcoin because we see it as a step in the long-term path to better financial access er for all. "

Currently available in 50 US states, Cash App allows its users to perform instant fiat transactions, free withdrawals, and the option to purchase / Instant Bitcoin sale, which was launched for a limited portion of users in November 2017. On January 31, Square released the Bitcoin option buy / sell to almost all users.

Earlier today, Cointelegraph reported that JP Morgan Chase published an annual report for 2017 to the US Securities and Exchange Commission (SEC) yesterday, February 27, in which the company considers the cryptocurrency as a "risk factor" for its future activities.