Cash App has unveiled a major update allowing users to pay with Bitcoin instantly — even if they don’t own any. The app now automatically converts USD from a user’s balance into Bitcoin at checkout, letting all 58 million monthly users make BTC payments without affecting their holdings or creating taxable events. Merchants benefit too, with zero fees, no chargebacks, and borderless transactions powered by the Bitcoin Lightning Network.
The rollout is part of “Cash Releases,” the company’s first bundled feature launch, which also includes stablecoin support and a new Bitcoin Map showing nearby BTC-accepting merchants. Users can send or receive stablecoins globally, which are instantly converted to USD for convenience, bridging traditional finance and crypto payments.
Block’s Bitcoin Product Lead, Miles Suter, called Bitcoin “Money 2.0” and said Cash App is building tools to make it truly usable — fast, open, and borderless. With Square merchants already accepting Bitcoin, Block Inc. continues positioning itself as a leader in real-world crypto adoption.