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Block’s Cash App Launches Feature Allowing Users to Gift Bitcoin
The new feature is similar to those offered by PayPal and Coinbase.
Payments firm Block, formerly known as Square, will allow its Cash App users to gift as little as $1 in stock or bitcoin, according to a tweet on Tuesday.
- ”It’s as easy as sending cash, and you don’t need to own stock or bitcoin to gift it,” the company said in its Tweet.
- Block joins other companies that are offering similar features. In May, PayPal said that it was going to make third-party wallet transfers available for PayPal and Venmo users.
- Coinbase also has a gifting feature where users can send cryptocurrencies.
Read more:Square’s Cash App Generated $1.8B in Bitcoin Revenue in Q3
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Michael Bellusci
Michael Bellusci is a former CoinDesk crypto reporter. Previously he covered stocks for Bloomberg. He has no significant crypto holdings.
