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Block's Cash App to Allow its 40M Customers to Gift Bitcoin
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Jack Dorsey's payment firm Block, previously called Square, has unveiled a new Cash App feature that will allow users to gift family and friends crypto and stock over the holiday season.
Cash App announced the news on Tuesday, saying that its approximately 40 million active monthly users can send as little as USD 1 in bitcoin (BTC) or stock to other Cash App users as a gift.
"It’s as easy as sending cash, and you don't need to own stock or bitcoin to gift it. So this holiday season, forget the scented candles or novelty beach towel, and help your cousin start investing," the payment service said.
Detailing on the news, CNBC reported that the gifting feature enables users to send BTC or stock from their dollar balances, or they can choose to
Read more on cryptonews.comAbout this in other media
Block Allows Cash App Users to Gift Bitcoin for the Holidays blockchain.news /3 years ago
Block, formerly Square, will allow users to gift BTC for the holidays using Cash App cointelegraph.com /3 years ago
Square changes name to Block finextra.com /3 years ago
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