The skyrocketing cryptocurrency can now be bought on the go for those looking to invest in it without the technological hassle

For many, bitcoin remains a mystery as it continues to rise in the financial world, but now it's easier than ever to get it. Square Inc. is allowing some users of its Square Cash app to purchase bitcoin right from their phones. Users can also use the online currency to purchase products or send it as payments through the same app. This makes sense for traders who want to partake in cryptocurrencies but find that the technological aspect is hard to manage. It could also contribute to bitcoin's value by making it easier to use and acquire.

“Given Square’s tendency to move judiciously into new technologies, we expect it will do the same with bitcoin purchases,” Credit Suisse AG analyst Paul Condra wrote in a note to clients, according to Bloomberg. “The upside could be significant if cryptocurrencies become more mainstream.”

Square Inc.

For many, bitcoin remains a mystery as it continues to rise in the financial world, but now it's easier than ever to get it. Square Inc. is allowing some users of its Square Cash app to purchase bitcoin right from their phones. Users can also use the online currency to purchase products or send it as payments through the same app. This makes sense for traders who want to partake in cryptocurrencies but find that the technological aspect is hard to manage. It could also contribute to bitcoin's value by making it easier to use and acquire.