Jack Dorsey’s Cash App eliminates fees on large Bitcoin purchases and recurring buys
Cash App has eliminated fees on Bitcoin purchases over $2,000 and all recurring buys to promote Bitcoin use.Summary
Jack Dorsey-backed Cash App, Block's mobile payment service, announced it is eliminating fees on Bitcoin purchases exceeding $2,000, as well as all recurring Bitcoin buys. This policy change targets both transaction fees and spreads, aiming to make Bitcoin more practical for everyday use. Additionally, the platform is lowering other fees, increasing withdrawal limits fivefold for eligible users, and expanding funding options for larger transactions. Cash App is enhancing its Bitcoin integration by allowing users to receive paychecks in Bitcoin, use Bitcoin Map to find accepting merchants, automatically invest spare change, and transfer holdings to self-custody via Bitkey. The company is committed to reducing friction between dollars and Bitcoin with future updates including automatic Bitcoin conversion for deposits and Bitcoin-tailored peer-to-peer payments.
(Source：Crypto Briefing)