THELOGICALINDIAN - Cash App now lets US barter admeasure a allotment of their paychecks anon into Bitcoin
Block’s payments account wants to advice barter get “Paid in Bitcoin.”
Cash App Adds Bitcoin Paycheck Payments
Cash App has added a new affection that lets barter advance their paychecks into Bitcoin.
Block’s payments app appear the amend at Bitcoin 2022 in Miami beforehand today. “Paid in Bitcoin” will let U.S. barter with an alive Cash Card admeasure either a allocation or the accomplished of their paychecks to Bitcoin automatically in-app. Barter will be able to opt in to accept their funds adapted into Bitcoin from today.
In accession to the paycheck update, Cash App additionally appear a new affection alleged “Round Ups” that will let barter annular up their agenda payments to the abutting dollar and advance that sum in Bitcoin or added assets. Cash App has additionally appear that barter will be able to accept Bitcoin payments via Lightning Network, the Bitcoin Layer 2 band-aid it chip with in January.
Block, Cash App’s ancestor company, has been authoritative cogent efforts to advice Bitcoin acceptance abound in contempo years. It’s currently alive on a Bitcoin-focused decentralized barter agnate to those on acute arrangement networks like Ethereum. The activity is alleged TBD and its Twitter folio promises “an open, decentralized banking arrangement for all.” Block’s architect and CEO Jack Dorsey is accepted for his abiding acceptance in blockchain technology, and accurately Bitcoin. While he hasn’t been shy about criticizing Ethereum and Web3, he’s said that he wants to advice the top crypto asset become “the built-in bill of the Internet” on assorted occasions.
Disclosure: At the time of writing, the columnist of this allotment endemic ETH and several added cryptocurrencies. Crypto Briefing is a media sponsor of Bitcoin 2022.
