Cash App Now Allows the Conversion of Paychecks into Bitcoin

Summary:

• Cash App has launched a caller work that allows its users to person their paychecks into Bitcoin
• The caller diagnostic named ‘Paid successful Bitcoin’ allows users to prime what percent of their nonstop deposits to beryllium converted to BTC
• U.S. customers volition beryllium the archetypal to trial retired the caller feature, and lone disposable to those with activated Cash Cards

The outgo work supplier of Cash App, done its genitor institution of Block (formerly known arsenic Square), has announced a caller diagnostic that allows its users to put their direct-deposit paychecks into Bitcoin automatically.

Cash App’s Bitcoin Product Lead, Miles Suter, announced the caller diagnostic earlier contiguous astatine the Bitcoin 2022 league successful Miami, Florida.

Known arsenic ‘Paid successful Bitcoin’ the caller diagnostic volition archetypal beryllium instantly disposable to U.S. customers who volition take a percent of their nonstop deposits (1% to 100%) to beryllium converted into Bitcoin with the enactment of adjusting the magnitude astatine immoderate time.

However, the caller diagnostic volition lone beryllium disposable to users with activated Cash App Cash Cards. The second is simply a free, customizable debit paper connected to each user’s equilibrium connected the app.

Cash App Announces 2 Additional Features

In addition, users of Cash App volition soon beryllium capable to circular up their Cash Card transactions to the nearest dollar. The alteration volition past beryllium automatically invested into Bitcoin.

At the clip of writing, users of the BTC Lightning Network connected Cash App tin lone usage it to nonstop the integer asset. The squad astatine Block besides announced that Lightning users connected the app would soon beryllium capable to person Bitcoin done the network. They said:

Soon, customers volition besides beryllium capable to receive bitcoin via the Lightning Network by simply sharing your QR codification oregon outgo request. This caller diagnostic furthers Cash App’s ngo to marque bitcoin usable arsenic a currency.

To enactment is that the Lightning Network connected Cash App is lone disposable to U.S. customers.