American company Square is developing solutions for accepting and processing electronic payments received from the Department of financial services new York license Regulations.

According to the head of Department Maria Vullo (Maria T. Vullo), the regulator has approved the application for the license Square and “working to provide support to the impressive and competitive market of virtual currency that unites and inspires the people of new York to participate in the global market, guaranteeing the control of the controller on the spot.”

Recall that the sixth holder of the license Regulations of the state of new York became the operator of the cryptocurrency wallet Xapo. Square and bitcoin trading, the results of the first quarter of this year, brought $200 thousand.