.CashApp revealed several new cryptocurrency features at Bitcoin2022 earlier today
Image byThe company also announced another feature that makes it possible to invest spare change from transactions made with Cash Card, a customizable debit card offered by Block, into Bitcoin or stocks.
On top of that, the company said that it would soon let its users receive Bitcoin through the Lightning Network. The company expects to boost the adoption of the flagship cryptocurrency as a means of payment in such a way. However, it is worth noting that the new feature will not be available in New York, which is possibly linked to the state's strict regulatory regime.
The app allowed its users to buy Bitcoin in all 50 U.S. states back in August 2018 after initially adding support for cryptocurrency earlier that year.has since emerged as one of the most prominent voices within the Bitcoin community. His fascination with the topic resulted in him ultimately stepping down as chief executive of Twitter in November and rebranding Square into Block the following month to highlight the company's pivot to crypto.
Block's recent Bitcoin announcement come after it confirmed that CashApp's investment product had suffered a massive security breach affecting as many as eight million users earlier this week.
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