Payments app Cash App, operated by Block, is enabling customers to receive their compensation in bitcoin.
The firm announced the new suite of products affiliated with its debit card, dubbed Paid in Bitcoin, at Miami's Bitcoin 2022 conference today.
Starting today, customers with Cash Cards can set the percentage of their direct deposits to be automatically invested into bitcoin. In the coming weeks, Cash App will roll out additional features. Including in the upcoming batch are Round Ups, or the ability to automatically invest the change on debit transactions. That change can be invested in bitcoin, stocks or exchange-traded funds.
CashApp is also further building out its integration with Bitcoin's Lightning payments network. The firm integrated with Lightning Network inof this year. Now, customers can make instantaneous bitcoin transfers by scanning their QR codes, cutting down the transaction time by minutes. "This new feature furthers Cash App’s mission to make bitcoin usable as a currency," the firm said Thursday.
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