Block Launches Cash App Feature Allowing Users to Gift Bitcoin

Payments firm Block, formerly known as Square, will allow its Cash App users to gift as little as $1 in stock or bitcoin, according to a Tweet Tuesday.

  • It’s as easy as sending cash, and you don’t need to own stock or bitcoin to gift it, the company said in its Tweet.
  • Block joins other companies that are offering similar features. In May, PayPal said that it was going to make third-party wallet transfers available for PayPal and Venmo users.
  • Coinbase also has a gifting feature where users can send cryptocurrencies.

Read more: Square’s Cash App Generated $1.8B in Bitcoin Revenue in Q3

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