One of the most popular crypto apps for buying and selling Bitcoin and cryptocurrencies recently announced that users can now use its Cash App to buy Bitcoin in all fifty US states.
The announcement spread like wildfire on the social networks, coming from Cash App’s Twitter profile.
Red, white, and bitcoin. Now you can use Cash App to buy bitcoin in all 50 states. pic.twitter.com/D4fhVRz7WL
— Cash App (@CashApp) August 13, 2018
As we can see from the announcement, buying Bitcoin via Cash App will be effective immediately – and users also reported the wide availability on Twitter.
The CEO of Square, Jack Dorsey, has long expressed his bullish view on the cryptocurrency. As he once stated:
“The internet will have a single currency – and I believe that this will be Bitcoin.”
Meanwhile, Square’s cryptocurrency profits have doubled in the second quarter of 2018 – which is a reason more for the official announcement about buying and selling Bitcoin from its Cash App.
Despite the fact that this functionality was added in late 2017, the simple mobile interface was then available to users in selected states. As soon as Square acquired a BitLicense from the New York Department of Financial Services, the support was added in all 50 states.
The Head of the Cash App, Brian Grassadonia, noted the significance of this approval, stating:
“We are thrilled to now provide New Yorkers with Cash App’s quick and simple way to buy and sell bitcoin. Square and the New York State DFS share a vision of empowering people with greater access to the financial system and today’s news is an important step in realizing that goal.”
Square recently reported that it generated more than $70 million in Bitcoin-related activities in the first half of 2018, earning less than a half million dollars in trading fees.
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