Mobile Payment Platform Cash App Supports Users Converting Deposits to Bitcoin
Payments app Cash App, operated by Block, announced the new suite of products affiliated with its debit card, dubbed Paid in Bitcoin. Customers with Cash Cards can set the percentage of their direct deposits to be automatically invested into bitcoin. In the coming weeks, Cash App will roll out additional features. Including in the upcoming batch are Round Ups, or the ability to automatically invest the change on debit transactions. CashApp is also further building out its integration with Bitcoin's Lightning payments network.
The firm integrated with Lightning Network in January of this year. Now, customers can make instantaneous bitcoin transfers by scanning their QR codes.