Jack Dorsey’s Cash App Now Allows Users to Send Bitcoins for Free
Users can now send BTC directly using a Cash App tag for free
Jack Dorsey has been at the forefront of promoting Bitcoin adoption to the world. A Cash App, a Twitter founder's payments app, will make it easier and cheaper for users to send Bitcoin across the app.
This Wednesday, in a tweet, Cash App confirmed users can now directly send Bitcoin BTC -0.73% Bitcoin / USD BTCUSD $ 47,695.39
-$348.18-0.73% Volume 32.4 b Change -$348.18 Open $47,695.39 Circulating 18.82 m Market Cap 897.52 b 2 h $1.5 Trillion Asset Manager Franklin Templeton Eyes Crypto With Latest Filing 3 h AMC Entertainment to Accept Bitcoin, Ether, and other Cryptocurrencies as Payment 4 h Skybridge Capital Announces Intentions For Algorand (ALGO) Crypto ETF on the app to other app users using their $CashAppTags. The service will be totally free, which places Cash App as the desired layer 2 solutions to boost Bitcoin adoption.
You can now instantly send bitcoin to other $cashtags for free, right from your Cash App.
To celebrate, we’re giving out $1 million in BTC. To enter, follow us & RT this post w/ your $cashtag & #CashAppBitcoin. Void where proh no purc nec. End 3/18 Rules: https://t.co/FsLOPfwD66 pic.twitter.com/dKR1fkGeB1
— Cash App (@CashApp) March 17, 2021
The minimum amount to send is 1000 satoshis, or 0.0001 BTC (~$5.70, at current prices). A weekly sending and receiving limit of $7,500 is also set in the service.
To celebrate the achievement, Cash App gave away $1 million in BTC to its Twitter followers. To win an apportion of the free BTC, users had to follow the page and retweet the post disclosing your $cashapptag and #CashAppBitcoin. Even if you missed out on this giveaway, the popular app runs a promotion a few times a month.
Cash App has seen massive Bitcoin adoption rates – adding 3 million BTC users in 2020 and an extra 1 million users in January 2021.