Cash App users can now invest paychecks into Bitcoin

At the Bitcoin 2022 league successful Miami connected Thursday, Cash App announced a caller diagnostic for U.S. customers which volition let them to automatically put a information of their nonstop deposit paychecks into Bitcoin (BTC). The mobile outgo work tally by Jack Dorsey's Block, formerly known arsenic Square, volition alteration Cash App Visa Cash Card users to opt into this "Paid successful Bitcoin" feature at nary cost.

Cash App’s Bitcoin Product Lead Miles Suter, who made the announcement Thursday, explained that immoderate percent from 1% to 100% of their nonstop deposits tin beryllium automatically converted into Bitcoin, and adjusted if needed astatine immoderate time. Additional features include the enactment to circular up to the nearest dollar immoderate Cash Card transaction made connected Visa debit paper connected to a Cash App equilibrium and divert the spare alteration into BTC.

Recently Cash App announced compatibility with the Bitcoin Lightning Network for BTC transfers. This enables U.S. Cash App users to marque faster BTC transactions crossed mainstream businesses. Lightning Labs, the starring developer of the Lightning Network, closed a $70 cardinal Series B backing round this week successful bid to further faster and cheaper Bitcoin and stablecoin transactions.

Following this announcement connected the main signifier of the Bitcoin conference, tennis champion Serena Williams the NFL’s Odell Beckham Jr. and Aaron Rodgers, sat down with Suter to sermon Bitcoin. Both Rodgers and Beckham Jr. were among a increasing database of athletes that partnered with Cash App and opted to person a information of their salaries successful Bitcoin past year.

From left, Odell Beckham Jr., Serena Williams, Aaron Rodgers and Miles Suter.

Williams, who founded her ain task superior steadfast called Serena Ventures, announced connected signifier that she is moving with Cash App successful bid to beforehand Bitcoin adoption. She revealed she has been investing successful Bitcoin for the past 9 years and stated that determination is "still truthful overmuch that needs to beryllium done" successful presumption of acquisition and knowing astir Web3 successful bid to "increase entree and accidental to invest."