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Block’s Cash App will allow users to gift BTC for the holidays -Breaking

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© Reuters.

Block Digital Payments, previously known as Square, announced today that Cash App, its subsidiary, will allow users to give stock and crypto gifts to their family and friends over the holidays.

Cash App according to Tuesday Tweet its users — roughly 40 million active monthly — could send as little as $1 in (BTCThey can send stock or cash as gifts in much the same manner they would have sent cash. This payments company joins Coinbase (NASDAQ) and PayPal (NASDAQ) to allow users to send cryptocurrency as gifts or payments to third-parties.