Users of Block’s Cash App, formerly known as Square, will be able to give their friends and family bitcoins for Christmas.
The Cash App allows you to invest in stocks and cryptocurrencies. Now users of the application, who number over 40 million, will be able to involve their friends and family in investments by giving them bitcoins. The minimum amount for such a gift is only $ 1.
“For this holiday season, forget about choosing candles or new towels as a gift, help your brother start investing,” says a statement companies.
It was Cash App that became one of the applications that significantly increased the adoption of cryptocurrencies in the United States. So, in the III quarter of 2021, application users bought bitcoins for $ 1.82 billion, and in the II quarter this figure reached $ 2.72 billion.
Square, which was recently renamed Block, is preparing several cryptocurrency projects at once. One of them will be a “decentralized exchange for bitcoin,” and the other will be its own hardware wallet.
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