Jack Dorsey, co-founder and executive chair of Block Inc., has reaffirmed the Bitcoin-exclusive approach of Cash App, the company's digital wallet service. In a recent post on X, Dorsey emphasized their rapid improvements in Bitcoin-related features.
What Happened?
Dorsey responded to a post by Bitcoin enthusiast HFSP.eth, who praised Cash App for its seamless Bitcoin conversion options. Key highlights include:
- Zero-fee conversions for direct deposits (e.g., paychecks) into Bitcoin.
Increased withdrawal limits:
- $10,000 daily (previously $2,000).
- $25,000 weekly (previously $5,000).
Dorsey stated, "We are Bitcoin only. And improving rapidly."
👉 Discover how Cash App simplifies Bitcoin accumulation
Why It Matters
Block has been expanding its Bitcoin ecosystem, including:
- Corporate Bitcoin Management: Launched a dashboard for companies to manage Bitcoin treasuries (April 2025).
- Self-Custody Wallet Upgrades: Enhanced safety, privacy, and usability.
- Bitcoin Mining Hardware: First deliveries expected in late 2025.
Market Performance
- BTC Price: $105,431.31 (-0.03% in 24 hrs).
- Block’s Stock: Closed 2.83% higher at $63.51 (after-hours +0.14%).
FAQs
1. Can Cash App users convert paychecks to Bitcoin?
Yes, with no fees or spreads.
2. What are Cash App’s new Bitcoin withdrawal limits?
$10,000/day and $25,000/week.
3. What Bitcoin-focused products is Block developing?
A corporate treasury dashboard, upgraded wallet, and mining hardware.
👉 Explore Block’s latest Bitcoin innovations
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