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You Can Now Send Bitcoin for Free with Square's Cash App

Wed, 03/17/2021 - 17:50
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Alex Dovbnya
Square's Cash App is shaping up to be a major Layer 2 scaling solution for Bitcoin
You Can Now Send Bitcoin for Free with Square's Cash App
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Cash App, a popular mobile payment app developed by Jack Dorsey's Square, has announced that it now allows its users to instantly send Bitcoin for free.

With the average transaction fee reaching $21.39, Cash App is now shaping up to be an important Layer 2 scaling solution for Bitcoin. On top of sending coins for free, the app's users also don't have to deal with scary-looking addresses.   

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It's important to understand that these transactions take place within Cash App's centralized database instead of the actual blockchain.

BREAKING: Square Invests $50 Mln Into Bitcoin

Cash App has organized a $1 million Bitcoin giveaway to celebrate the news.   

In 2020, Cash App sold over $4.5 billion worth of Bitcoin after adding the cryptocurrency back in 2018. In late February, Square added another $170 million in BTC to its balance sheet.    

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at