Square payment company began accepting deposits in Bitcoins in its Cash App to allow users to deposit Bitcoin in their wallet, – tweet Cash App.
Square gives access to Bitcoin deposits
The application is available on both Android and iOS. Cash App users will now be able to deposit Bitcoins from external wallets into their Bitcoin application address. According to Square's ad, deposits are limited to $ 10,000 for seven days. It also notes that confirmation of the update may take several hours.
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It seems that not everyone has the included deposits, as some users report that they do not see the options that suggest their availability.
In any case, this feature should soon become available to everyone, and this will make the Cash App a more attractive tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details tool.
Square Crypto, a new Bitcoin-oriented company, also hires specialists to develop Bitcoin chain tools. Former Google director Steve Lee was recently named the first new employee of this team, although his role has not yet been defined.
Square extends access to deposits in Bitcoins for Cash App users. Recall, on May 1, the payment solutions provider, Square, provided its financial report for the first quarter of 2019. The report indicates that the company's profitability has increased due to the growth of Bitcoin sales through the Cash App.
Editor: Yuliya Soroka