The Cash App of Square Inc. integrated some new features which allow automatic purchasing of recurring bitcoin on its platform.

On May 18, the CEO of Twitter and Square, Jack Dorsey, <a href="https://twitter.com/jack/status/1262466443007766528" target="_blank" rel="noopener">tweeted</a> that now the users of Cash App could set their frequency of buying Bitcoin according to their own schedule. He also mentioned that the minimum purchasing value of Bitcoin would be $10.
<blockquote class="twitter-tweet">
You can now do automatic recurring purchases of <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#bitcoin</a> in <a href="https://twitter.com/CashApp?ref_src=twsrc%5Etfw">@CashApp</a>. Daily, weekly, or every 2 weeks. And change the display to sats. <a href="https://twitter.com/hashtag/stackingsats?src=hash&amp;ref_src=twsrc%5Etfw">#stackingsats</a> <a href="https://t.co/kOlxQtkuwd">pic.twitter.com/kOlxQtkuwd</a>
— jack (@jack) <a href="https://twitter.com/jack/status/1262466443007766528?ref_src=twsrc%5Etfw">May 18, 2020</a></blockquote>
<h2>Cash App Display Can Be Changed To Sats</h2>
Now the users could also change their Cash App’s display from BTC to sats of Satoshi, with the help of the new features.

Currently, the number of Bitcoin hodling addresses with at least 0.1 BTC, is increasing in the market and because of this, the hodling is also growing continuously. While all these things have been going in the market Square Inc. decided to release the new feature of its Cash App.

It is to be noted that those Bitcoin hodling addresses which have at least 1 BTC and the wallets which belongs to the whale account are also growing.
<h2>CEO Of Sqaure Inc. Maxes Out Weekly Limit</h2>
It’s a well-known fact that Dorsey himself is a regular purchaser of Bitcoin. In early May, in his tweet, Dorsey mentioned that he could not gey more BTC through the Cash App because the platform’s weekly limit for buying Bitcoin is $10,000 and the CEO of Square Inc. has already maxed out that value.

An earlier report mentioned that in Q1 2020, during the sale of Bitcoin, the Cash App collected $306 million for Square Inc.

At that time, Ryan Watkins of Messari in his tweet mentioned that if the Bitcoin sale would not have taken place then the total revenue generated by the app would have been $222 million.

While the sale was going on, there has been an increasing demand for Bitcoin among the customers which simultaneously help in revenue growth.

Articles You May Read.
<ul>
 	<li><a href="https://blog.cryptoknowmics.com/know-everything-about-latest-airdrop/" target="_blank" rel="noopener noreferrer">Cryptocurrency Airdrops | Know Everything About Latest Airdrop</a></li>
 	<li><a href="https://blog.cryptoknowmics.com/guide-on-what-is-cold-storage/" target="_blank" rel="noopener noreferrer">A Comprehensive Guide On What is Cold Storage In Cryptocurrency</a></li>
 	<li><a href="https://blog.cryptoknowmics.com/cryptocurrency-adoption-in-africa/" target="_blank" rel="noopener noreferrer">Cryptocurrency Adoption In Africa | Why Africa Can Be The Next Crypto Hub?</a></li>
</ul>

Cash App Adds Features For Automatic Buying Recurring Bitcoin

The Cash App of Square Inc. integrated some new features which allow the purchasing of recurring bitcoin on its platform.

Jyoti is a graduate from GGSIPU and has done her PG Diploma in English Journalism from IIMC. Presently, she is working as a content writer with Agio Support Solution Pvt. Ltd. Her aim is to provide informative content about cryptocurrency and blockchain, to the tech-enthusiasts.

Cash App Adds Features For Automatic Buying Recurring Bitcoin

Top Picks