Block, formerly Square, will allow users to gift BTC for the holidays using Cash App

A new year is almost upon us and it’s time to start thinking about what you can do with your cryptocurrency this holiday season. Block, formerly Square, has announced that they will be gifting Bitcoin (BTC) for the holidays using Cash App. The service doesn’t require any extra app or wallet download so you’re all set!

The “how to send bitcoin on cash app to another wallet” is a tutorial that will show you how to send BTC using the Cash App.

Block, formerly Square, will allow users to gift BTC for the holidays using Cash App

 

Block, previously known as Square, has announced that Cash App users will be able to give bitcoin and stock to friends and family throughout the Christmas season.

Cash App stated in a Tuesday tweet that its customers, who number about 40 million monthly, could give as little as $1 in Bitcoin (BTC) or stock as a gift in the same way they might send cash. The payments company joins the likes of PayPal and Coinbase in enabling customers to transmit bitcoin to other parties as payments or gifts.

You may now transmit as low as $1 in stock or bitcoin using Cash App. You don’t need to own stock or bitcoin to give it, and it’s as simple as transferring cash. So, instead of buying aromatic candles or a novelty beach towel this holiday season, assist your relative in beginning to invest. pic.twitter.com/HS0CqusiLS

December 14, 2021 — Cash App (@CashApp)

According to Cointelegraph, a research by loan business BlockFi found that many Americans would accept cryptocurrencies such as Bitcoin (BTC), Ether (ETH), and Dogecoin (DOGE) as presents this Christmas season. The same study, however, found that the majority of respondents lacked the ability to transfer cryptocurrency. Many critics believe that distributing BTC to beginners is one of the reasons why so many coins have gone missing since 2009.

Related: Are you giving cryptocurrency as a gift this holiday season? First and foremost, educate them.

Other charities are collecting cryptocurrency contributions to aid people in need during the holidays. Unbanked, a fintech company, said earlier this month that it will accept crypto contributions for Presents for Tots, a US Marine Corps program that collects toys for distribution to underprivileged children. Furthermore, sites like as the Giving Block enable non-profits and charities to receive cryptocurrency contributions.

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The “cash app btc fees” is the fee that users pay when they send BTC to their friends through Cash App. The block, formerly Square, will allow users to gift BTC for the holidays using Cash App.

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