Get To Know the Latest Cash App Updates

Author: Aavie Clark

The Cash App mobile payment application was created by Block Inc., formerly known as Square, and it does not cost anything to use.  Because of the platform, users now can instantaneously transmit money easily to one another. 

With over 70million active users, Cash App is a significant player in the mobile payment industry.  Recently, the company added features and capabilities to meet the demands of its customers while expanding its services.  They include:

Lightning Network Transactions 

Cash App partnered with Lightning Network to allow its users to make cryptocurrency transactions. 

Cash App was the first publicly traded firm to provide rapid withdrawals in January 2022. In addition, this new feature enabled Cash App users to conduct Lightning Network Transactions without the need for block confirmation. With this feature Cash App, users can effortlessly pay with bitcoin at the time of sale.

Cash App announced a partnership with NFL players. Aaron Rodgers and Odell Beckham, Jr., will work with Cash App and get a percentage of their wages in bitcoin due to their partnership with the company. They join many high-profile athletes, like Tom Brady and Steph Curry, who have teamed with cryptocurrency firms.

Stock And Cryptocurrency 

Cash App now allows its users to have access to stocks and cryptocurrencies. With this feature, Cash App users can give stocks as gifts with their Cash App balance. 

Interestingly, users don’t need to own any cryptocurrency or stock to give it as a gift; all they need is their Cash App USD balance or a debit card to complete the transaction.

The recipient can redeem the gift either as US Dollars or as the underlying asset.

Bitcoin Updates 

Cash App’s primary objective is to simplify joining the Bitcoin revolution so that more people can do so. Consequently, the company is working on new cryptocurrency features and enhancements to assist individuals who need it the most for economic autonomy.

The Cash App presented various newly developed features during a bitcoin conference held in Miami in 2022. On the platform of the Cash app, the following is a list of the most recent bitcoin features.

Bitcoin Payment

In a statement, Cash App, the industry leader in peer-to-peer payments, announced the availability of a new feature that would allow customers to accept bitcoin payments. Soon, cardholders of the Cash App Visa Card will have the option of automatically converting 1-100 percent of their earnings into Bitcoin.

 Bitcoin Roundups

Payments may now be rounded up to the closest dollar with the inclusion of Bitcoin Roundups. Cash App Launched a feature that allows users to round up spare change from purchases into Bitcoin.

Bottom Line

It was stated that over 10 million customers have successfully utilized the company’s platform to buy bitcoin since 2018. Recently, the company announced a feature that allows spare dollars from purchases to be rounded up and converted to bitcoin. In addition, the company allows its users to send and receive stocks as gifts.