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Block’s Cash App Launches Feature Allowing Users to Gift Bitcoin
The new feature is similar to those offered by PayPal and Coinbase.
Updated May 11, 2023, 5:49 p.m. Published Dec 14, 2021, 7:38 p.m.
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Payments firm Block, formerly known as Square, will allow its Cash App users to gift as little as $1 in stock or bitcoin, according to a tweet on Tuesday.
- ”It’s as easy as sending cash, and you don’t need to own stock or bitcoin to gift it,” the company said in its Tweet.
- Block joins other companies that are offering similar features. In May, PayPal said that it was going to make third-party wallet transfers available for PayPal and Venmo users.
- Coinbase also has a gifting feature where users can send cryptocurrencies.
Read more:Square’s Cash App Generated $1.8B in Bitcoin Revenue in Q3
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