Advertisement
AD

Main navigation

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

Advertisement
Wed, 17/03/2021 - 17:50
You Can Now Send Bitcoin for Free with Square's Cash App
Cover image via stock.adobe.com
Read U.TODAY on
Google News

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.

Advertisement

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.   

Bitcoin fees
Image by ycharts.com

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

Related
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.    

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Sui Recognized as 2024 Blockchain Solution of the Year at AIBC Eurasia Awards
ElmonX Unveils ‘The Scream’ NFTs by Edvard Munch For The First Time Ever
World's First Bitcoin Layer 2 Conference to Unite East & West in Hong Kong, April 2024
Is Bitcoin Mining Legal? Regions in the World Where Mining Is Legally Permissible
Zircuit, New ZK-Rollup Focused on Security, Launches Staking Program
AI Analysis Launches The AIA Mastercard – The Future of Crypto-Fiat Transactions
VAP Group hosts the majestic Global Blockchain Show 2024 in Dubai
Digital Transformation Week Is Returning to Santa Clara This Summer
Arab Financial Services (AFS) Enter Strategic Alliance with Xpence to Innovate SME Financial Management in Bahrain
Breaking Records: UXLINK Attracts 978,000 New Web3 Wallet Registration with $78,000,000 Deposit asset from February 01 to February 22, 2024
What To Expect from The Bitcoin Halving in April 2024
Testnet Launch for dWallet Network - Composable Modular Signature Network
ETH Denver Top Builders Base by Supermoon, Cointelegraph, NDC, Horizen, & Conflux
Citrea, Bitcoin’s First ZK Rollup, Announces $2.7M Seed Funding
Chromia’s Flagship Game ‘My Neighbor Alice’ Unveils 2024 Roadmap
First-Ever ICO on Bitcoin Blockchain: $3.1M Raised in Under 6 Days
CoinList to Host the MASA Token Public Sale as it Unleashes the World’s Personal Data Network
Sui Reveals Initial Wave of Speakers, Famed Venue for First Annual Basecamp Event
Vitalik Buterin Comes to Taiwan as Keynote Speaker at ETHTaipei 2024
Elevating Europe’s Crypto Hub: Next Block Expo Returns to Poland
Our social media
There's a lot to see there, too

Popular articles