$BTC: Cash App rolls out Bitcoin bonus, with Jack Dorsey urging users to turn on the weekly rewards button
Cash App, Block’s payments app, has just added a new tab: toggle on Bitcoin Bonus to earn extra $BTC every week, accumulating up to about 2% per year on your held balance.
CEO Jack Dorsey spoke up himself on Wednesday, directly calling on users to enable the feature. The bonus is treated as taxable income, not a free giveaway.
Cash App hasn’t said whether this 2% rate is fixed or will change over time.
What’s notable isn’t the percentage figure itself. A mainstream payments app with tens of millions of users—many of whom may not be big crypto fans—has now been quietly adding BTC-based rewards to their everyday product.
$BTC is still trading roughly around $83,500 today, with no clear reaction to the news yet.
Worth watching today: how many Cash App users actually click the enable button during the first week.
Personal observation, not investment advice.
#BTC #CashApp #Bitcoin #Crypto #Fintech
Support me by placing an order through here 👇
Cash App, Block’s payments app, has just added a new tab: toggle on Bitcoin Bonus to earn extra $BTC every week, accumulating up to about 2% per year on your held balance.
CEO Jack Dorsey spoke up himself on Wednesday, directly calling on users to enable the feature. The bonus is treated as taxable income, not a free giveaway.
Cash App hasn’t said whether this 2% rate is fixed or will change over time.
What’s notable isn’t the percentage figure itself. A mainstream payments app with tens of millions of users—many of whom may not be big crypto fans—has now been quietly adding BTC-based rewards to their everyday product.
$BTC is still trading roughly around $83,500 today, with no clear reaction to the news yet.
Worth watching today: how many Cash App users actually click the enable button during the first week.
Personal observation, not investment advice.
#BTC #CashApp #Bitcoin #Crypto #Fintech
Support me by placing an order through here 👇
