Mo.bi - Crypto Currency Tracker logo Mo.bi - Crypto Currency Tracker logo
Seeking Alpha 2022-04-07 19:44:25

Block's Cash App allows users to get paid in Bitcoin automatically - CoinDesk

Cash App, a mobile payment app developed by Block (NYSE:SQ), is introducing a service that enables users to get paid in Bitcoin (BTC-USD) automatically, CoinDesk reported Thursday, citing the company at the Miami-based Bitcoin 2022 conference. Specifically, so-called "Paid in Bitcoin" allows users to auto-invest a portion of their paycheck into Bitcoin (BTC-USD), Cash App explained. In addition, "Bitcoin Roundups" will let users round up payments to the closest dollar to purchase BTC with the difference, CoinDesk noted. And "Lightning Network Receives" allow users to get Bitcoin (BTC-USD) in Cash App through the layer 2 payment protocol. Cash App in January integrated the Lightning Network to enable BTC transactions. The move followed SoFi's (SOFI) move in March to roll out a new feature allowing members to invest part of every direct deposit into cryptocurrency with zero fees. In Aug. 2021, PayPal (PYPL) introduces Cash Back to Crypto to enable Venmo

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.