Crypto News

Cash App Launches Bitcoin and Stock Gifting Feature For The Holidays

Cash App has not too long ago launched a brand new characteristic that may permit customers to present pals and household inventory and bitcoin. The app has taken gifting to a different stage with this new characteristic that can actually permit customers to present crypto to their family members with this characteristic. The gifting characteristic works the identical means sending cash within the app does however this time round, customers will have the ability to present as little as $1 in inventory or crypto.

Gifting Bitcoin With Cash App

The funds app had taken to Twitter to announce the brand new characteristic roll-out. It defined that customers will have the ability to present crypto and inventory to their family members no matter whether or not or not they owned any of it themselves. It can be akin to sending money on the app and simply as straightforward. The characteristic was to allow customers to assist their family members begin their investing journey by gifting them their first inventory or bitcoin.

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“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. So this holiday season, forget the scented candles or novelty beach towel, and help your cousin start investing.”

Cash App’s new gifting characteristic will solely be obtainable to customers within the United States. The funds app is owned by Block, previously referred to as Square, which is run by ex-CEO of Twitter, Jack Dorsey. With the announcement of the rebrand, Dorsey had defined that the model’s mission was to assist the vendor group, by constructing instruments that give entry to the financial system.

Bitcoin price chart from TradingView.com

BTC continues downtrend | Source: BTCUSD on TradingView.com

Other Companies Jumping In

Cash App just isn’t the primary to announce a bitcoin and inventory gifting choice to its customers. Crypto alternate Coinbase had rolled out a similar feature which is at present dwell the place customers are capable of present cryptocurrencies to their household and pals. The crypto is presented utilizing a digital card picked out by the consumer that’s impressed by NFT artwork.

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Trading app Robinhood had additionally not too long ago rolled out a gifting characteristic. Users of the app are capable of present as much as seven cryptocurrencies to their family members together with bitcoin and ethereum, of as little as $1. This is to faucet into its youthful demographic of customers who usually tend to present crypto to their pals and household as a substitute of typical vacation items.

Cash App is nevertheless the primary peer-to-peer funds service to supply crypto and inventory gifting service to its clients. All different manufacturers are buying and selling platforms the place customers are capable of commerce cryptocurrencies and shares immediately. Users can select to ship crypto or bitcoin utilizing their present Cash App balances or utilizing a debit card.

Featured picture from Yahoo Finance, chart from TradingView.com

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