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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Cash App Launches Bitcoin and Stock Gifting Feature For The Holidays

Best Owie
Best Owie
1 year ago
3 mins read
Cash App

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Cash App has recently launched a new feature that would allow users to gift friends and family stock and bitcoin. The app has taken gifting to another level with this new feature that will literally allow users to gift crypto to their loved ones with this feature. The gifting feature works the same way sending money in the app does but this time around, users will be able to gift as little as $1 in stock or crypto.

Gifting Bitcoin With Cash App

The payments app had taken to Twitter to announce the new feature roll-out. It explained that users will be able to gift crypto and stock to their loved ones regardless of whether or not they owned any of it themselves. It would be akin to sending cash on the app and just as easy. The feature was to enable users to help their loved ones start their investing journey by gifting them their first stock or bitcoin.

Related Reading | Millennial Millionaires Are The Most Bullish On Crypto, Survey Finds

“With Cash App, you can now send as little as $1 in stock or bitcoin. It’s as easy as sending cash, and you don’t need to own stock or bitcoin to gift it. So this holiday season, forget the scented candles or novelty beach towel, and help your cousin start investing.”

Cash App’s new gifting feature will only be available to users in the United States. The payments app is owned by Block, formerly known as Square, which is run by ex-CEO of Twitter, Jack Dorsey. With the announcement of the rebrand, Dorsey had explained that the brand’s mission was to help the seller community, by building tools that give access to the economy.

Bitcoin price chart from TradingView.com

BTC continues downtrend | Source: BTCUSD on TradingView.com

Other Companies Jumping In

Cash App is not the first to announce a bitcoin and stock gifting option to its users. Crypto exchange Coinbase had rolled out a similar feature which is currently live where users are able to gift cryptocurrencies to their family and friends. The crypto is gifted using a digital card picked out by the user that is inspired by NFT art.

Related Reading | Struggling Prices Beats Bitcoin Expectations Down From $100K To $50K

Trading app Robinhood had also recently rolled out a gifting feature. Users of the app are able to gift up to seven cryptocurrencies to their loved ones including bitcoin and ethereum, of as low as $1. This is to tap into its younger demographic of users who are more likely to gift crypto to their friends and family instead of conventional holiday gifts.

Cash App is however the first peer-to-peer payments service to offer crypto and stock gifting service to its customers. All other brands are trading platforms where users are able to trade cryptocurrencies and stocks directly. Users can choose to send crypto or bitcoin using their existing Cash App balances or using a debit card.

Featured image from Yahoo Finance, chart from TradingView.com
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Best Owie
Best Owie

Best Owie

Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality.

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Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best’s publications, which are always clear and concise, enabling easy reading and understanding for all.

Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best’s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community.

Best’s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information.

Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity.

When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world’s most quiet and well-behaved Husky. Best’s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well.

As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers.

Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best’s prolific career in the media industry is a testament of how hard work and dedication pays.

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Strict editorial policy that focuses on accuracy, relevance, and impartiality
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