MetaverseNFTCoins.com
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams
No Result
View All Result
MetaverseNFTCoins.com
No Result
View All Result

Block Allows Cash App Users to Gift Bitcoin for the Holidays

December 15, 2021
in Blockchain
Reading Time: 2 mins read
A A
Block Allows Cash App Users to Gift Bitcoin for the Holidays
ShareShareShareShareShare

This holiday season, Cash App users will be able to gift both crypto and stock to other users of the app.

“With Cash App, you can now send as little as $1 in stock or bitcoin. It’s as easy as sending cash, and you don’t need to own stock or bitcoin to gift it.” Cash App said via its official Twitter account.

The app, owned by Digital payments company Block – formerly called Square, joins other services like Stockpile, PayPal and Coinbase in allowing users to gift stocks and cryptocurrencies to third parties, respectively, but Cash App notes this is the first time such features have been offered in a peer-to-peer payments app.

Block also noted that Cash App users can now choose to split bills and repay friends by sending them stocks or bitcoin, not just cash.

On Nov 5, 2021, Blockchain.News reported that Cash App generated $1.82 billion in Bitcoin revenue and $42 million in Bitcoin gross profit in the third quarter of 2021, both increased 11% and 29% year-on-year.

The feature may potentially encourage more users to start investing and become owners of stocks or bitcoin via Cash App.

Blockchain.News reported on Dec 2, 2021, that Square Inc, initially a credit card-reader business, renamed itself as Block Inc as it plans to broaden its services towards blockchain, music, and cash transfers.

The name change of the payments giant co-founded by cryptocurrency fanatic Jack Dorsey – who quit as the CEO of Twitter – was effective from Dec 10.

Image source: Shutterstock

Credit: Source link

ShareSendTweetPinShare
Previous Post

Ukraine’s Electronic Currency Program Launched On Stellar

Next Post

XRP/USD Trade Oscillates at $0.80

Next Post
XRP/USD Trade Oscillates at $0.80

XRP/USD Trade Oscillates at $0.80

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Weekly Updates

Why You Should Avoid Investing In Cryptocurrency In Retirement

Why You Should Avoid Investing In Cryptocurrency In Retirement

January 26, 2023
SEC Chair Gary Gensler Says There Are Three Ways to Tell If a Crypto Project Is a Scam

SEC Chair Gary Gensler Says There Are Three Ways to Tell If a Crypto Project Is a Scam

January 27, 2023
Meta Masters Guild Clears $2.3 Million In Presale – Less than 4 Days Remain in Stage 4

Meta Masters Guild Clears $2.3 Million In Presale – Less than 4 Days Remain in Stage 4

February 1, 2023
Is 2022 Going to Be the Year of Crypto Regulations?

UK Wants to Regulate Crypto for Better Protection

February 1, 2023
Assessing the effect of Optimism’s ‘NFT Quests’ on OP holders

Assessing the effect of Optimism’s ‘NFT Quests’ on OP holders

January 30, 2023
MetaverseNFTCoins.com

This is an online news portal that aims to provide the latest NFT news, crypto news, blockchain, regulations, scams, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch.

What’s New Here!

  • The January figures are 92.7% lower than the $121.4 million
  • Beware cryptocurrency scams: Attorney general
  • Britain Announces Plans for ‘Robust’ Crypto Rules, Launches Consultation – Regulation Bitcoin News

Subscribe Now

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - metaversenftcoins.com - All rights reserved!

No Result
View All Result
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams

© 2021 - metaversenftcoins.com - All rights reserved!

  • bitcoinBitcoin (BTC) $ 24,112.00 4.34%
  • ethereumEthereum (ETH) $ 1,684.88 6.23%
  • tetherTether (USDT) $ 0.998747 0.16%
  • bnbBNB (BNB) $ 320.79 2.37%
  • usd-coinUSD Coin (USDC) $ 1.00 0.06%
  • xrpXRP (XRP) $ 0.415279 2.73%
  • binance-usdBinance USD (BUSD) $ 0.998935 0.2%
  • cardanoCardano (ADA) $ 0.402126 3.59%
  • dogecoinDogecoin (DOGE) $ 0.095528 0.61%
  • matic-networkPolygon (MATIC) $ 1.23 11.15%
  • okbOKB (OKB) $ 39.87 5.71%
  • solanaSolana (SOL) $ 25.46 6.82%
  • staked-etherLido Staked Ether (STETH) $ 1,680.47 6.38%
  • polkadotPolkadot (DOT) $ 6.54 4.61%
  • litecoinLitecoin (LTC) $ 101.41 5.49%
  • shiba-inuShiba Inu (SHIB) $ 0.000012 2.82%
  • avalanche-2Avalanche (AVAX) $ 21.48 9.26%
  • tronTRON (TRX) $ 0.063661 1.89%
  • uniswapUniswap (UNI) $ 6.93 5.29%
  • daiDai (DAI) $ 0.999468 0.13%
  • cosmosCosmos Hub (ATOM) $ 14.99 12.24%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 24,108.00 4.43%
  • chainlinkChainlink (LINK) $ 7.27 4.53%
  • the-open-networkToncoin (TON) $ 2.42 4.31%
  • moneroMonero (XMR) $ 179.33 0.87%
  • ethereum-classicEthereum Classic (ETC) $ 22.60 4.52%
  • leo-tokenLEO Token (LEO) $ 3.36 5.36%
  • aptosAptos (APT) $ 18.31 10.31%
  • bitcoin-cashBitcoin Cash (BCH) $ 137.47 2.38%
  • stellarStellar (XLM) $ 0.093006 2.85%
  • apecoinApeCoin (APE) $ 6.11 3.67%
  • quant-networkQuant (QNT) $ 149.59 4.39%
  • filecoinFilecoin (FIL) $ 5.70 9.29%
  • nearNEAR Protocol (NEAR) $ 2.47 6.48%
  • crypto-com-chainCronos (CRO) $ 0.082113 3.76%
  • lido-daoLido DAO (LDO) $ 2.33 8.02%
  • algorandAlgorand (ALGO) $ 0.256422 6.15%
  • vechainVeChain (VET) $ 0.024984 7.68%
  • hedera-hashgraphHedera (HBAR) $ 0.069767 7.56%
  • internet-computerInternet Computer (ICP) $ 6.09 1.31%
  • fantomFantom (FTM) $ 0.587802 9.8%
  • decentralandDecentraland (MANA) $ 0.804974 5.99%
  • axie-infinityAxie Infinity (AXS) $ 11.46 4.9%
  • aaveAave (AAVE) $ 91.47 10.09%
  • the-sandboxThe Sandbox (SAND) $ 0.776176 5.31%
  • eosEOS (EOS) $ 1.09 2.14%
  • flowFlow (FLOW) $ 1.14 6.12%
  • elrond-erd-2MultiversX (EGLD) $ 44.49 4.24%
  • theta-tokenTheta Network (THETA) $ 1.10 6.34%
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000173 0.93%