Cash App, the popular payment app owned by Block Inc., has launched one of its most significant crypto updates to date. The new release introduces instant Bitcoin payments — even for users who don’t hold any BTC, and adds global support for sending and receiving stablecoins.The new Bitcoin Payments with USD feature allows users to pay in Bitcoin at checkout even without owning the cryptocurrency. Cash App automatically converts US dollars from a user’s balance into Bitcoin for the merchant through the Lightning Network. According to the company, this opens crypto payments to all 58 million Cash App users without affecting their existing Bitcoin holdings or triggering taxable BTC sales.Cash App has also introduced Bitcoin Map, an interactive tool that helps users discover nearby businesses that accept Bitcoin and pay them directly through the app. The company says the feature supports local economies that embrace digital assets.In Q2 2023, Cash App generated $44 million in gross profit from $2.4 billion in Bitcoin sales, highlighting the app’s large existing crypto footprint.Stablecoins, Self-Custody, and Cash App’s Bigger Goal for Bitcoin Payments“Bitcoin was created as peer-to-peer money, and Cash App is building the tools that allow it to operate that way—fast, open, and borderless,” said Miles Suter, head of Bitcoin at Block Inc. He emphasized that the company aims to make cryptocurrency practical for both shoppers and merchants.Cash App’s update also brings stablecoin support, allowing users to send and receive stablecoins worldwide. Incoming stablecoins are automatically converted into US dollars, ensuring smooth transactions with stable value.Stablecoins as a Bridge to BitcoinSuter described stablecoins as a transitional step between traditional finance and decentralized digital money:“The traditional fiat system is Money 1.0. Bitcoin is Money 2.0—the end goal. Stablecoins are Money 1.5, an improvement on the old system but not a competitor to Bitcoin.”Suter added that Cash App’s long-term vision centers on self-custody, allowing users to hold their funds independently. He noted that Block created the Bitkey wallet for this purpose and is developing an automatic transfer feature to self-custody, scheduled for release in 2026.In October 2025, the first business to test the Lightning-powered Bitcoin payment system through a Square terminal was the Compass Coffee café chain in Washington, D.C.Cash App, the popular payment app owned by Block Inc., has launched one of its most significant crypto updates to date. The new release introduces instant Bitcoin payments — even for users who don’t hold any BTC, and adds global support for sending and receiving stablecoins.The new Bitcoin Payments with USD feature allows users to pay in Bitcoin at checkout even without owning the cryptocurrency. Cash App automatically converts US dollars from a user’s balance into Bitcoin for the merchant through the Lightning Network. According to the company, this opens crypto payments to all 58 million Cash App users without affecting their existing Bitcoin holdings or triggering taxable BTC sales.Cash App has also introduced Bitcoin Map, an interactive tool that helps users discover nearby businesses that accept Bitcoin and pay them directly through the app. The company says the feature supports local economies that embrace digital assets.In Q2 2023, Cash App generated $44 million in gross profit from $2.4 billion in Bitcoin sales, highlighting the app’s large existing crypto footprint.Stablecoins, Self-Custody, and Cash App’s Bigger Goal for Bitcoin Payments“Bitcoin was created as peer-to-peer money, and Cash App is building the tools that allow it to operate that way—fast, open, and borderless,” said Miles Suter, head of Bitcoin at Block Inc. He emphasized that the company aims to make cryptocurrency practical for both shoppers and merchants.Cash App’s update also brings stablecoin support, allowing users to send and receive stablecoins worldwide. Incoming stablecoins are automatically converted into US dollars, ensuring smooth transactions with stable value.Stablecoins as a Bridge to BitcoinSuter described stablecoins as a transitional step between traditional finance and decentralized digital money:“The traditional fiat system is Money 1.0. Bitcoin is Money 2.0—the end goal. Stablecoins are Money 1.5, an improvement on the old system but not a competitor to Bitcoin.”Suter added that Cash App’s long-term vision centers on self-custody, allowing users to hold their funds independently. He noted that Block created the Bitkey wallet for this purpose and is developing an automatic transfer feature to self-custody, scheduled for release in 2026.In October 2025, the first business to test the Lightning-powered Bitcoin payment system through a Square terminal was the Compass Coffee café chain in Washington, D.C.
Cash App Integrates Bitcoin and Stablecoins for Instant Payments
Cash App, the popular payment app owned by Block Inc., has launched one of its most significant crypto updates to date. The new release introduces instant Bitcoin payments — even for users who don’t hold any BTC, and adds global support for sending and receiving stablecoins.
The new Bitcoin Payments with USD feature allows users to pay in Bitcoin at checkout even without owning the cryptocurrency. Cash App automatically converts US dollars from a user’s balance into Bitcoin for the merchant through the Lightning Network.
According to the company, this opens crypto payments to all 58 million Cash App users without affecting their existing Bitcoin holdings or triggering taxable BTC sales.
Cash App has also introduced Bitcoin Map, an interactive tool that helps users discover nearby businesses that accept Bitcoin and pay them directly through the app. The company says the feature supports local economies that embrace digital assets.
In Q2 2023, Cash App generated $44 million in gross profit from $2.4 billion in Bitcoin sales, highlighting the app’s large existing crypto footprint.
Stablecoins, Self-Custody, and Cash App’s Bigger Goal for Bitcoin Payments
Cash App’s update also brings stablecoin support, allowing users to send and receive stablecoins worldwide. Incoming stablecoins are automatically converted into US dollars, ensuring smooth transactions with stable value.
Stablecoins as a Bridge to Bitcoin
Suter described stablecoins as a transitional step between traditional finance and decentralized digital money:
Suter added that Cash App’s long-term vision centers on self-custody, allowing users to hold their funds independently. He noted that Block created the Bitkey wallet for this purpose and is developing an automatic transfer feature to self-custody, scheduled for release in 2026.
In October 2025, the first business to test the Lightning-powered Bitcoin payment system through a Square terminal was the Compass Coffee café chain in Washington, D.C.
Market Opportunity
RWAX Price(APP)
$0.0001856
$0.0001856$0.0001856
USD
RWAX (APP) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Gold edges higher as Fed easing outlook cushions downside
The post Gold edges higher as Fed easing outlook cushions downside appeared on BitcoinEthereumNews.com. Gold trades near $3,670 on Friday, snapping a two-day losing streak after the Fed’s interest rate cut. The US Dollar and Treasury yields extend post-Fed rebound as Powell’s tone proved less dovish than expected. Gold remains cushioned as markets anticipate two more Fed rate cuts by year-end. Gold (XAU/USD) regains ground on Friday, snapping a two-day losing streak after a volatile midweek reaction to the Federal Reserve’s (Fed) interest rate decision. At the time of writing, XAU/USD is trading around $3,668 during the American session, up nearly 0.65%. On Wednesday, the US central bank lowered the federal funds rate by 25 basis points (bps) to the 4.00%-4.25% range, a move that was fully priced in. The metal briefly spiked to a fresh all-time high near $3,707 in the immediate aftermath, but the gains quickly faded as Fed Chair Jerome Powell’s press conference struck a less dovish tone, triggering a sharp recovery in the US Dollar (USD) and Treasury yields. Chair Jerome Powell said the Fed does not feel the need to move quickly on rates, describing the latest move as a “risk-management cut” aimed at cushioning the economy amid signs of a slowing labor market. He added that policy is “not on a preset course” and will remain data-dependent, signaling a cautious approach rather than an aggressive easing cycle. Friday’s rebound in XAU/USD comes in spite of a firmer US Dollar and rising Treasury yields, as traders weigh the implications of the Fed’s monetary policy outlook. Markets are already pricing in the possibility of two more cuts by year-end, which in turn cushions downside risks for bullion, but elevated yields and a resilient Greenback keep the near-term outlook capped, limiting room for further gains. Market movers: US Dollar firms with higher yields, Fed projects gradual easing Minneapolis Fed President Neel…
Share
BitcoinEthereumNews2025/09/20 04:28
Flare Mainnet Launches FXRP, Bringing XRP Into DeFi
The post Flare Mainnet Launches FXRP, Bringing XRP Into DeFi appeared on BitcoinEthereumNews.com. Flare’s FAssets protocol converts cryptocurrencies like XRP that aren’t smart contract enabled into assets that can be utilized in DeFi on Flare and other applications. To guarantee FAssets maintain the highest levels of safety, trust, and dependability for both institutions and the XRP community, the Flare Foundation will keep making investments in strong, scalable security mechanisms. FAssets, beginning with FXRP v1.2, are now live on the Flare mainnet. Now that the first FAsset has finally been launched, holders of XRP may mint FXRP on Flare and begin using XRP throughout Flare DeFi. The XRP DeFi awakening is just getting started. A quick refresher on FAssets Flare’s FAssets protocol converts cryptocurrencies like XRP that aren’t smart contract enabled into assets that can be utilized in DeFi on Flare and other applications. They are one-to-one copies of the original asset (XRP to FXRP, for example), protected by Flare’s codified data standards and an overcollateralized structure of independent agents. As a consequence, Flare’s composable decentralized financial ecosystem, which includes DEX trading, lending, stablecoin minting, liquid staking, and other use cases, becomes fully accessible to non-smart contract assets. FAssets are built for composability. FXRP may travel freely within Flare’s DeFi ecosystem when it is minted. This eliminates the need for unique workarounds and enables protocols to use FXRP directly as a native building block. How is FXRP secured? FAsset security is a continuous effort rather than a one-time achievement. In addition to Immunefi-powered bug bounties and community-driven evaluations like Code4rena, the system has already completed at least four independent audits by reputable companies like Zellic and Coinspect. Additionally, Hypernative keeps a close eye on the FAssets system and the DeFi apps on Flare around-the-clock. Comprehensive security and fast reaction procedures are also in place. Why are there so many layers? Because FAssets oversee high-value, intricate processes…
Share
BitcoinEthereumNews2025/09/25 04:24
FET Price Prediction: Can Bulls Break $0.70 Resistance to Approach $1.60?
Artificial Superintelligence Alliance (FET) is trading under increasing bearish pressure with the overall market. The FET price over the last 24 hours is down by 4.58%, and over the last week it is also down by 4.66%. At the time of writing, FET is trading at $0.6479 with a 24-hour trading volume of $105.46 million, […]
Share
Tronweekly2025/09/20 20:00