Cash App users can now invest paychecks into Bitcoin
The Bitcoin 2022 conference in Miami set the stage for the announcement followed by a panel with athletes Serena Williams, Odell Beckham Jr. and Aaron Rodgers. 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 Cash Card users to opt into this "Paid in Bitcoin" feature at no cost.Cash App’s Bitcoin product lead Miles Suter,....
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Payments processor Strike has announced the launch of a new feature that will allow users to convert their paychecks to bitcoin. This feature brings workers one step closer to collecting their paychecks in bitcoin. Instead of the employer paying out wages and salaries in BTC, employees can take the paychecks they receive and convert them to cryptocurrency in one easy step. Receiving Paychecks In Bitcoin Strike is enabling users to convert all or some of their paychecks into BTC. Instead of cashing into fiat and then having to change back to BTC, users can directly convert to BTC using the....
Customers will have the option to deposit "as much or as little" of their paychecks as they want in the feature rolling out in the next few weeks. Coinbase will soon allow United States businesses to deposit employees’ paychecks directly into accounts at the cryptocurrency exchange.In a Monday blog post, Coinbase senior director of product Prakash Hariramani said the exchange would be offering direct deposits for workers who want to use their paychecks to purchase crypto with no transaction fees. Users can set up direct deposits through a supported payroll company on the Coinbase app, or....
Wood believes that Venmo is merely a follower of Cash App, which has generated more than double Venmo’s revenue from almost half the number of users. Crypto investment company Ark Invest founder, Cathie Wood, has dumped all of the firm’s holdings of PayPal and showed greater confidence in the long-term growth of the Cash App payment system which uses the Bitcoin Lightning Network.Wood explained her firm’s move at the Miami Bitcoin 2022 conference which wrapped up on April 9. The Lightning Network (LN) is a layer-2 solution for Bitcoin meant to facilitate faster and cheaper transactions.....
Iguodala said he will also be giving out $1 million worth of BTC to fans to increase the cryptocurrency's adoption. On Monday afternoon, Andre Iguodala, three-time NBA champion and the professional basketball player for the Golden State Warriors, announced via Twitter that he would be taking a portion of his estimated $2.647 million annual salary in Bitcoin (BTC). In addition, Iguodala added that he will give out $1 million worth in BTC to fans to increase the digital currency's adoption. Payments were said to be facilitated by Block's (formerly Square) Cash App.I’m excited to announce I’m....
On May 15, the Bitcoin Cash upgrade was applied successfully to the blockchain, bringing a slew of features directed toward improving the overall experience of users. This particular upgrade marks the start of a new upgrade schedule that will allow developers to invest more time in testing new features added to the protocol in the future. Bitcoin Cash Update Applied Successfully The latest Bitcoin Cash update, which proposed a set of important changes, was applied successfully to the network Saturday afternoon. This specific upgrade provided improvements that would tackle user experience....