2 years ago
Cash App, the mobile outgo work developed by Jack Dorsey’s Block, Inc. (SQ), announced that they are rolling retired 3 caller services astatine the Bitcoin 2022 league successful Miami connected Thursday.
“Get Paid successful Bitcoin” allows customers to auto-invest a percent of their paycheck into bitcoin. Fiat currency coming successful done automated clearing location (ACH) rails volition beryllium automatically converted into bitcoin.
“Bitcoin Roundups” lets users circular up payments to the nearest dollar to bargain bitcoin with the difference.
“Lightning Network (LN) Receives” LN sends retired of Cash App were enabled successful January, but present users tin nonstop bitcoin into the Cash App via LN.
Cash App is besides providing enactment for URIs, oregon Unified QRs that are enabled by BIP 21. URIs let for the generaization of code types truthful that users don’t person to deliberation astir the close code benignant – either on-chain oregon Lightning Network payments – to usage to nonstop and person bitcoin. With this upgrade, Cash App users tin opt successful to not having to take betwixt code types.
Cash App announced that tennis prima Serena Williams is partnering with the company, but declined to supply circumstantial details. She follows a drawstring of large sports stars that person signed partnerships and endorsements with crypto firms, including Tom Brady and Steph Curry with FTX and LeBron James with Crypto.com.
Cash App integrated Lightning Network successful January, which paved the roadworthy for consumers to easy usage bitcoin astatine point-of-sale. Cash App besides remains a fashionable avenue for buying bitcoin aft it was the archetypal nationalist institution to let for bitcoin purchases successful 2018.
Miles Suter, Cash App’s crypto merchandise pb who gave the presumption astatine Bitcoin 2022, said that the extremity of Cash App was to redefine the world’s narration with wealth and bitcoin, aiming to get bitcoin successful the hands of arsenic galore radical arsenic possible.
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George Kaloudis is simply a probe expert for CoinDesk Research.
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