This App Lets Customers Gift Bitcoin & Stocks to Each Other
Rahul Kalvapalle — January 14, 2022 — Tech
References: cash.app & businessinsider
The Cash App has been around for nearly a decade now, but the popular digital wallet and payment app is not resting on its laurels but is taking the opposite approach of adding to and improving upon its functionality, something which is evident in the launch of the latest and greatest version of its platform.
The new and updated version of Cash App makes it easier than ever for users in the U.S. to send not only stock but also bitcoin to other Cash App customers. What's more, this functionality is completely free of charge, with neither the sender nor the receiver of a bitcoin gift or stocks required to pay fees.
With the Cash App already offering a suite of investment and banking functions, the addition of the ability to seamlessly gift and share bitcoin doesn't merely bolster service offerings for existing customers, but is a move that's poised to attract legions of new downloads.
Image Credit: Cash App
The new and updated version of Cash App makes it easier than ever for users in the U.S. to send not only stock but also bitcoin to other Cash App customers. What's more, this functionality is completely free of charge, with neither the sender nor the receiver of a bitcoin gift or stocks required to pay fees.
With the Cash App already offering a suite of investment and banking functions, the addition of the ability to seamlessly gift and share bitcoin doesn't merely bolster service offerings for existing customers, but is a move that's poised to attract legions of new downloads.
Image Credit: Cash App
Trend Themes
1. Crypto-gifting Payment Apps - The use of this technology in payment applications can revolutionize the traditional gifting industry by making it more fluid and accessible.
2. Seamless Gift-sharing - Allowing for customers to easily send stocks and cryptocurrencies as gifts has the potential to disrupt the traditional gift card industry.
3. Free Transactions for Investments - Offering free transactions on cryptocurrency and stock gifts has the potential to revolutionize the investment industry by attracting users who would otherwise be wary of fees.
Industry Implications
1. Digital Wallets - The rise of crypto-gifting could be an opportunity for digital wallets to differentiate themselves from traditional payment apps by incorporating investment options.
2. Investment Apps - The ability to gift investments for free could be an opportunity for investment apps to attract new users and retain existing ones.
3. Blockchain - The use of blockchain technology in crypto-gifting could increase transparency and security in the gifting industry, potentially disrupting existing players.
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