Miles Suter: Cash App Now Offers Best Bitcoin Pricing, Higher Withdrawals for Users
Cash App announced major Bitcoin upgrades, including increased withdrawal limits and improved pricing with no spreads, aiming to make Bitcoin a foundational currency.Summary
Miles Suter, Product Lead at Block Inc., detailed significant upgrades to Cash App's Bitcoin offering in an interview with Bitcoin Magazine. Key changes include raising daily withdrawal limits to $10,000 and weekly limits to $25,000 for eligible users. Furthermore, Cash App has improved pricing by eliminating spreads, offering a single price point for buying and selling, which Suter claims results in the "best price in the world" for purchases over $2,000, alongside 0% fees.
The platform has also expanded funding rails beyond debit cards to include ACH deposits up to $10,000 and integrated wires for large purchases. Suter also expressed interest in integrating stablecoins, promising a simplified user experience where all transactions are presented in USD, with underlying blockchain complexities handled in the background.
Looking ahead to 2026, Cash App aims to make Bitcoin a foundational currency by enabling automated Lightning payments for merchants using Square terminals. This system will allow any Cash App user to pay with Bitcoin via automated USD-to-BTC conversion at checkout, avoiding tax liability and price fluctuation for the sender, as Block Inc. will cover the Lightning invoice. The company is also exploring Bitcoin-backed loans for active users.
(Source：Bitcoin Magazine)