Jack Dorsey, the CEO of the microblogging platform, Twitter, has recently announced that users can now effect automatic recurring purchases of Bitcoin (BTC) in Cash App, the mobile payment service developed by Square Inc.
The Twitter CEO, who doubles as the CEO of Square Inc., shared this new development with his teeming followers a couple of minutes ago.
According to the report captioned with the demo of the process, this can be done daily, weekly, or every 2 weeks, depending on users’ choice.
“You can now do automatic recurring purchases of Bitcoin in CashApp. Daily, weekly, or every 2 weeks. And change the display to sats.”
— jack (@jack) May 18, 2020
About Cash App
Cash App is a peer-to-peer mobile payment service developed by Square, Inc., which enables users to transfer money to one and another with the help of a mobile app.
The mobile payment app earned good remarks from Consumer Report’s study of peer-to-peer payment apps, for data security, consumer support, and accessibility. However, evaluators are of the opinion that the payment app could perform better on payment authentication and privacy.
Moreover, users are allowed to link their existing bank accounts to transfer money to and from their respective bank accounts.
It’s also made possible for users to send money from a debit card and spend their Cash App balance directly from it. Additionally, the payment app also allows users to receive deposits, such as a paycheck, and others alike, directly into their accounts.