While Bcash tries to steal Bitcoin brand… @CashApp steals Cash brand and hands it back to Bitcoin, noice.
Twitter and Square CEO Jack Dorsey today announced the Cash app would support instant buying and selling of Bitcoin. Eliminating, or certainly trying to reduce the difficultly and learning-curve involved in acquiring bitcoin.
Two months after Square give us some hints of what was to come, the payments app has enabled bitcoin buying and selling capabilities for most of its Cash App customers.
Square CEO Jack Dorsey tweeted yesterday:
Instant buying (and selling, if you don’t want to hodl) of Bitcoin is now available to most Cash App customers. We support Bitcoin because we see it as a long-term path towards greater financial access for all. This is a small step.
We also made this! https://t.co/z3u0liDNk4
— jack (@jack) January 31, 2018
The timing could not be better with noob buyers able to snap up bitcoin at bargain basement prices.