Cash App users can now send and receive Bitcoin for free and instantly through the application. Cash App, Jack Dorsey’s Square company payment application, will allow its users to send and receive Bitcoin through the application for free and instantly.
This was indicated by Cash App through a message published through his official Twitter account, where he indicated that this new property is now available to all users of the payment application.
The message reads:
“You can now send Bitcoin instantly to other $Cashtags for free, all from your Cash App.”
You can now instantly send bitcoin to other $cashtags for free, right from your Cash App.
To celebrate, we’re giving out $ 1 million in BTC. To enter, follow us & retweet this post with your $cashtag & #CashAppBitcoin. In addition to the above, the Cash App team indicated that it will be conducting a raffle among the platform’s users to distribute a total of $1 million in Bitcoin. Regarding this contest, said the promotion will be available and only legal residents of the United States over 18 years of age can participate.
According to information published on the official blog of the company, the possibility of sending Bitcoin instantly and for free through Cash App is only available to users of the application, so operations that involve the use of other wallets external are subject to the respective commissions and times. In this regard, the company indicates that certain conditions also apply concerning transfers with Bitcoin between Cash App users. These include that the minimum must be at least 0.00001 BTC or 1,000 satoshi
is and that the maximum accumulated amount that can be sending and receiving weekly is about $ 7,500 in BTC funds.
Promoting the adoption of Bitcoin
This new measure by the Cash App team is part of Square’s plans to promote the adoption of Bitcoin among users of its products and services.
In this regard, the CEO of the company, Jack Dorsey, has spoken repeatedly to express his support for digital currency, which he described at the time as “The currency of the Internet.”
Dorsey’s endorsement of Bitcoin has reached points where he in recent months invested some $ 220 million from Square’s reserves to buy BTC funds.
We went from cash to cards and now it is incredible that you can avoid long lines at bank branches to manage your money and carry out transactions from your cell phone. Cash apps help you in a simple way.
Although many institutions already have their applications to perform various actions with their accounts, cash apps tend to be more intuitive and easier to use when you have to carry out many types of transactions.
To start, you must link your debit or credit card to the application and allow it access to your bank account. After this step, you will be able to send and receive money to anyone without having to go to any branch.
If the person you are sending the money to does not have the app, they will receive a text message or an email asking them to enter their bank account or debit card information to deposit their money. If you have the application like you, you can decide to leave it there for future transactions or withdraw and deposit the money to your bank account.
The most popular cash apps are:
- Cash App
- Venmo
