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What are the reasons for Square holding my digital currency?

avatarbaucesauceNov 27, 2021 · 3 years ago3 answers

Why does Square hold my digital currency and what are the factors that contribute to this?

What are the reasons for Square holding my digital currency?
Digital Currency
Square
Reasons

3 answers

  • avatarNov 27, 2021 · 3 years ago
    Square holds your digital currency for security reasons. By holding your currency in a secure wallet, Square ensures that it is protected from potential hacks or theft. This adds an extra layer of security for both you and Square.
  • avatarNov 27, 2021 · 3 years ago
    Square holds your digital currency to facilitate quick and easy transactions. By holding your currency, Square can process transactions faster and provide a seamless experience for its users. This helps to improve the overall efficiency of the platform.
  • avatarNov 27, 2021 · 3 years ago
    As an expert in the digital currency industry, I can tell you that Square holds your digital currency to comply with regulatory requirements. This is a common practice among reputable digital currency platforms to ensure that they are operating within the legal framework and protecting their users' assets.

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