Friday, February 26, 2021

Twitter’s Jack Dorsey Announces Automatic Recurring Purchases of Bitcoin (BTC) in Cash App

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.

He wrote:

“You can now do automatic recurring purchases of Bitcoin in CashApp. Daily, weekly, or every 2 weeks. And change the display to sats.”

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.

Cash App is available for the users of iPhone and Android

Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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