Block Launches Cash App Feature Allowing Users to Gift Bitcoin

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Payments agency Block, previously often called Square, will permit its Cash App customers to present as little as $1 in inventory or bitcoin, in accordance to a Tweet Tuesday.

  • ”It’s as simple as sending money, and also you don’t want to personal inventory or bitcoin to present it,” the corporate stated in its Tweet.
  • Block joins different firms which can be providing comparable options. In May, PayPal said that it was going to make third-party pockets transfers obtainable for PayPal and Venmo customers.
  • Coinbase additionally has a gifting characteristic the place customers can ship cryptocurrencies.

Read extra: Square’s Cash App Generated $1.8B in Bitcoin Revenue in Q3