Cash App Users Can Now Invest Their Paychecks Into Bitcoin

This Tuesday, Cash App, a mobile payments app, announced that its users can now invest their paychecks into Bitcoin. This new feature will allow users to buy, sell, and hold Bitcoin directly in their Cash App wallets.

According to a blog post on the Cash App website, this new feature is available to everyone in the United States who has a job and is over 18 years old. The company says that users will be able to start investing their paychecks into Bitcoin within minutes.

In addition to being able to invest their paychecks into Bitcoin, Cash App users will also be able to buy and sell Bitcoin directly in the app. And, if they want, they can hold their Bitcoin as an investment.

Bitcoin has been on a wild ride over the past few years. In 2017, the price of Bitcoin surged from $1,000 to nearly $20,000. However, since then, the price has dropped significantly. As of this writing, one Bitcoin is worth around $3,6000.

Despite the price fluctuations, there is still a lot of interest in Bitcoin. Earlier this year, Fidelity Investments announced that it was launching a Bitcoin trading service for its institutional clients.

Cash App is not the only mobile payments app that is allowing its users to invest in Bitcoin. In February, Square, the company that owns Cash App, announced that its users could buy and sell Bitcoin directly in the Square Cash app.

So far, it seems that the Cash App and Square Cash apps are the only mobile payments apps that allow their users to invest in Bitcoin.

Bitcoin and Cash App

Bitcoin and Cash App are two of the most popular cryptocurrencies in the world. Bitcoin is the first and most well-known cryptocurrency, while Cash App is a mobile app developed by Square that allows users to send and receive money.

Both Bitcoin and Cash App have their pros and cons. Bitcoin is more widely accepted and has a higher value, but it is also more volatile. Cash App is less accepted but is more stable in value.

Overall, both Bitcoin and Cash App are cryptocurrencies that are worth watching in the coming years.

Conclusion

Cash App users are now able to invest their paychecks into Bitcoin. This new feature allows users to buy and sell Bitcoin without ever having to leave the Cash App.