THELOGICALINDIAN - At the Bitcoin 2022 appointment in Miami Block Inc aforetime Square Inc appear three new bitcoin casework for the companys adaptable acquittal belvedere The adaptable acquittal belvedere Cash App will affection a paid in bitcoin account that allows users to autoinvest their assignment pay into bitcoin
Cash App Adds 3 New Bitcoin Services
Jack Dorsey’s Block appear in Miami that the Cash App adaptable acquittal arrangement will action three new features. The San Francisco aggregation explained that the aboriginal affection will be a “paid in bitcoin” account that allows bodies to catechumen their pay into bitcoin (BTC).
Cash App users will be able to catechumen 1% or up to 100% of their amount into the arch crypto asset. The Block, which additionally manages Spiral, TIDAL, and TBD, explained at the appointment that the aggregation has been alive on the abstraction back 2024.
The abutting account the aggregation appear was a bitcoin aggregation account which basically allows Cash App users to annular up additional change from purchases into bitcoin (BTC). Essentially, the user’s Cash App agenda affairs will annular up the purchases and automatically alteration the change to the user’s BTC wallet.
Block is not the aboriginal close to acquaint paid in bitcoin casework or BTC aggregation services, as the concepts accept been about for absolutely some time. For instance, bodies can advantage Coinbase or Bitwage to be paid in crypto as well, and Bundil and Roundlyx action BTC aggregation products.
The third affection Cash App appear at the Miami bitcoin appointment was “Lightning Network (LN) Receives” with a seamless Bitcoin UX. The Bitcoin UX will advantage unified QR codes that advance the Bitcoin Improvement Proposal BIP 21.
The QR cipher can amalgamate both Lightning Network invoices and onchain advice to accomplish the action easier for Cash App users. Cash App already accustomed LN payments back its addition in January, but now users can advantage unified QR acquire codes in adjustment to acquire LN payments directly. The move by Cash App follows the Atlanta-based acquittal processor Bitpay announcing LN abutment on Wednesday.
Recent Breach Leaves 8 Million Cash App Customers Exposed
The Cash App account follows the firm’s issues with a above agent that acquired a massive abstracts breach. Reports appearance that 8 actor Cash App users were afflicted as the above agent was accused of downloading advice angry to barter in December.
The address from the Block claims that the download took abode afterwards the agent larboard the company. While the downloaded abstracts does not accommodate coffer info, usernames, passwords, or amusing aegis numbers, the advice did accommodate the users’ allowance annual numbers and abounding names.
What do you anticipate about the three bitcoin articles Cash App is launching? Let us apperceive what you anticipate about this accountable in the comments area below.
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