Bitcoin News Update: Cash App Connects Users to Global Finance Using Bitcoin and Stablecoins
- Cash App, operated by Block Inc. , introduces Bitcoin Lightning Network and stablecoin payments, aiming to boost mainstream adoption of digital assets for everyday transactions. - The updates enable 58 million users to send/receive Bitcoin instantly and low-cost, while merchants can accept BTC in multiple formats without fees until 2027. - Stablecoin support via Solana’s USDC aligns with the GENIUS Act, enhancing fast, dollar-pegged transactions and regulatory clarity for merchants and consumers. - Block
Cash App, a financial platform managed by
The integration of the Bitcoin Lightning Network enables users to complete nearly instant, low-fee payments without needing to hold Bitcoin in their accounts. By converting USD balances to Bitcoin at the point of purchase, this feature streamlines the process for everyday users and helps them avoid taxable events. Merchants using Square, Block’s point-of-sale solution,
Miles Suter, Block’s Bitcoin Product Lead, highlighted the company’s vision: “Bitcoin is the backbone of an open, global financial system, while stablecoins provide a bridge for moving digital dollars quickly,” he explained
The timing of these changes is crucial. With institutional enthusiasm for crypto cooling and ongoing economic uncertainty, consumer adoption is now a primary factor in Bitcoin’s practical use. Cash App’s instant payment option could help drive this trend by making peer-to-peer and merchant payments more seamless. For example, Jour Cards, a platform for crypto gift cards, has already broadened its services to include Bitcoin-based purchases for Apple and iTunes, demonstrating the expanding real-world applications.
Nevertheless, obstacles persist. Unclear regulations, especially regarding tax rules for small transactions, may slow adoption. Additionally, scaling the infrastructure to support millions of users while maintaining security and speed will be vital. Despite these issues, the direction is evident: Bitcoin is transitioning from a speculative investment to a usable currency, with stablecoins helping to address volatility for both shoppers and businesses.
Block’s stock (XYZ) has experienced fluctuations recently, mirroring the wider market’s instability, but the company’s financial position remains strong, holding $315 million in digital and liquid assets and 2,123 Bitcoin as of September 2025
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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