Cash App has made bitcoins more accessible for payments in everyday life. Starting today, the app will let you pay with Bitcoin instantly — even if you don’t hold any — by automatically converting your USD balance on the app into bitcoin for the merchant.
App features released today include the option to send and receive stablecoins as well as spend bitcoin locally. The company revealed that all these updates were part of Cash Releases – the first bundle of features for the platform. Bitcoin Magazine.
With the new ‘Bitcoin Payments with USD’ feature, users can make instant bitcoin payments even if they don’t hold BTC. Cash App This will convert USD in the balance of a customer into bitcoins for the merchant.
Other words, it is this makes Bitcoin payments accessible All 58,000,000 Cash App users will receive their Bitcoins without any taxation or reduction in Bitcoin holdings.
The network is free of middlemen and charges no fees for Square merchants. Users can choose any payment path — USD to USD, BTC to BTC, BTC to USD, or USD to BTC — all powered by the open Bitcoin network. This will make it easier for merchants to get customers to use bitcoin instead of paying card fees.
This system allows millions of users to make fast, cheap, and borderless payments.
Bitcoin map by Cash App
Cash App also launched a feature for bitcoin payments. Bitcoin Map. Square follows bitcoin payments launchLightning QR codes allow customers to instantly pay via Lightning QR code.
Cash App is aiming to help both businesses and consumers make the transition to bitcoin. The company estimates that 20% of Americans would be willing to use it for everyday transactions.
Cash App will also support stablecoins. Within the next few months, customers will be able to send and receive digital dollar globally.
Stablecoins are able to make transfers almost instantly, while maintaining a value of one dollar for each stablecoin. Cash App converts all stablecoins automatically into USD.
“Bitcoin was created to be peer-to-peer cash, and Cash App is building tools to make it work as intended — fast, open, and borderless,” Miles Suter said Bitcoin Product Lead, Block.
Suter was asked if stablecoins could compete with Bitcoin. Bitcoin Magazine You can also find out more about us here. “legacy fiat systems are Money 1.0: slow, expensive, closed systems with banking hours and borders. Bitcoin is Money 2.0, the ultimate goal: truly decentralized, open, and permissionless. Stablecoins are Money 1.5, a pragmatic tool and a meaningful improvement from traditional financial rails, but we don’t see them as a competitor to bitcoin.”
He said stablecoins were a great tool to complement users’ needs, providing speed and stability. bitcoin remains the platform’s foundation.
The company also announced that Cash App would enhance its Auto Invest functionality. The company said that scheduled bitcoin purchases will now be free of fees and spreads. This makes it more accessible for investors to make regular investments.
“Standard one-time purchases have fees and spreads,” Suter stated: “but we’ve built an entire ecosystem of ways to stack sats for free, like Auto Invest, Paid In Bitcoin, and Round Ups. The goal is giving customers multiple options to build their bitcoin position affordably.”
Now, Cash App is available. has helped Over 24 million users are active in the Bitcoin market. Features like Paid In Bitcoin allow direct deposit conversion into BTC to be automated.
Square – Bitcoin Payments
Square rolled out Payments in Bitcoin for U.S. Sellers, which allows approximately 4 million merchants the ability to accept BTC via their terminals without any processing fees up until 2027.
Lightning Network enables instantaneous transactions through the system. piloted Compass Coffee, Washington, D.C., allows merchants to accept Bitcoin, convert them into USD, or convert a part of their daily sales automatically into BTC.
Suter was asked if he agreed with the critics who claim that Square Cash App and Cash App may be centralizing Bitcoin. “If you want access to the fiat banking system today, you need a centralized provider. The end goal is self-custody, which is why we built Bitkey. We’re building auto-sweeps to self-custody that will roll out later, and deep Bitkey integration with Square is coming in 2026 for self-custody of funds you receive as payments or convert from daily card sales.”
Jack Dorsey’s Block Inc. formerly known by the name Square has evolved into a full-stack Bitcoin company spanning paymentsOpen-source solutions, self-custody and mining are all possible.
Block, through subsidiaries such as Cash App, Bitkey Proto Spiral and Tidal is driving Bitcoin adoption in both the consumer and developer eco-systems.
The Company holds The company has accumulated over 8,780 BTC. It continues to strengthen its integration with Bitcoin and aligns its strategy for business with its long-term growth.
Suter believes that Bitcoin will become a common currency and an infrastructure for global finance.
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Source: bitcoinmagazine.com
