Cash App users can now invest paychecks into Bitcoin
2022.04.07 23:46
Cash App users can now invest paychecks into Bitcoin
At the Bitcoin 2022 conference in Miami on Thursday, Cash App announced a new feature for U.S. customers that will allow them to automatically invest a portion of their direct deposit paychecks into Bitcoin (BTC). The mobile payment service run by Jack Dorsey’s Block, formerly known as Square, will enable Cash App Visa (NYSE:V) Cash Card users to opt into this “Paid in Bitcoin” feature at no cost.
Cash App’s Bitcoin product lead Miles Suter, who made the announcement Thursday, explained that any percentage from 1% to 100% of their direct deposits can be automatically converted into Bitcoin, and adjusted, if needed, at any time. Additional features include the option to round up to the nearest dollar any Cash Card transaction made on a Visa debit card connected to a Cash App balance and divert the spare change into BTC.
