Users can now send BTC directly using a Cash App tag for free
Jack Dorsey has been at the forefront of promoting Bitcoin adoption to the world. A Cash App, a Twitter founder’s payments app, will make it easier and cheaper for users to send Bitcoin across the app.
This Wednesday, in a tweet, Cash App confirmed users can now directly send Bitcoin BTC -1.12% Bitcoin / USD BTCUSD $ 57,872.03
-$648.17-1.12% Volume 55.78 b Change -$648.17 Open $57,872.03 Circulating 18.66 m Market Cap 1.08 t
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You can now instantly send bitcoin to other $cashtags for free, right from your Cash App.
To celebrate, we’re giving out $1 million in BTC. To enter, follow us & RT this post w/ your $cashtag & #CashAppBitcoin. Void where proh no purc nec. End 3/18 Rules: https://t.co/FsLOPfwD66 pic.twitter.com/dKR1fkGeB1
— Cash App (@CashApp) March 17, 2021
The minimum amount to send is 1000 satoshis, or 0.0001 BTC (~$5.70, at current prices). A weekly sending and receiving limit of $7,500 is also set in the service.
To celebrate the achievement, Cash App gave away $1 million in BTC to its Twitter followers. To win an apportion of the free BTC, users had to follow the page and retweet the post disclosing your $cashapptag and #CashAppBitcoin. Even if you missed out on this giveaway, the popular app runs a promotion a few times a month.
Cash App has seen massive Bitcoin adoption rates – adding 3 million BTC users in 2020 and an extra 1 million users in January 2021.