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Block's Cash App will allow users to gift BTC for the holidays

Published 12/14/2021, 06:30 PM
Updated 12/15/2021, 08:20 PM
© Reuters.
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Digital payments company Block, formerly called Square, has announced that users of its subsidiary Cash App will be able to gift friends and family both crypto and stock over the holiday season.

According to a Tuesday tweet, Cash App said its users — roughly 40 million active monthly — could send as little as $1 in Bitcoin (BTC) or stock as a gift in the same way they had been sending cash. The payments firm joins others including PayPal (NASDAQ:PYPL) and Coinbase (NASDAQ:COIN) in allowing users to send crypto as payments or gifts to third parties.

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