Square, the mobile payment, financial and merchant services company, is expanding the features of its CASH App by enabling Bitcoin deposits. Certain app users confirmed this after checking their own account on the square CASH app. Twitteratis also tweeted their surprise to this new addition.
Square has been slowly rolling out enhancements to its application. It began in November of 2017, enabling a few of the users of its CASH app to sell and purchase bitcoins. It stated at that time to expand the feature to all of its users. Famous Podcaster Marty Bent has had the deposit feature since 18th June according to his tweets. Not all users have access to the functionality now. But it does look like Square will launch the feature soon for all its users. Also, Square’s website points to “support for bitcoin deposits to third-party wallets is coming soon” on the support page.
The application now also allows users to transfer profits from selling bitcoin to any bank account or debit card linked to your App.