Square's Cash App Now Lets Customers Get Bitcoin Back on Purchases
Previously, Cash App had only allowed clients to get U.S. currency back on transactions.
Dec 20, 2020 at 3:37 p.m. UTCUpdated Aug 19, 2021 at 6:14 a.m. UTC
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindeskuat/QL6WINM655DLBO7FOWTGWWW7QI.jpg)
Cash App, the cash-transferal app of payments giant Square, is now allowing customers to get bitcoin back on every transaction.
STORY CONTINUES BELOW
13:18
Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
05:10
Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
04:07
The first video of the year 2024
40:07
The last regression video of the year 3.67.0
- Previously, Cash App had only allowed clients to get U.S. currency back on transactions.
- The move is another sign of the growing mainstream acceptance of bitcoin and the increasing importance of the leading cryptocurrency to Cash App and to its parent.
- It's also likely a move to stay a step ahead of rival PayPal, which recently dove head first into the cryptocurrency arena.
- Cash App's upgrade is the latest in a continuing trend of bitcoin-back rewards product offerings, after cryptocurrency lending firm BlockFi announced its partnership with Visa to launch a bitcoin-back credit card in early 2021, per CoinDesk's prior reporting.
:format(webp)/downloads.coindesk.com/arc/failsafe/user/1x1.png)