Twitter and Square CEO Jack Dorsey today announced the Cash app would support instant buying and selling of Bitcoin. One of the biggest barriers to entry for cryptocurrency has been the difficultly and learning-curve involved in acquiring it. This could, potentially, change that entirely.
According to Square website Cash.me:
Cash App is already the easiest way to send and receive money with friends and family. We’ve made it just as easy to buy and sell BTC straight from your Cash App balance. Unlike other apps, most of our buys and sells happen in seconds. You can even spend your proceeds from a free Visa debit card.
Instant purchases and offloads seems like the feature we’ve been waiting for, but before we abandon all fiat currency and declare @Jack the defacto ruler of cryptoland, we’ll need some more information.
We’ve reached out for comment and will update if we learn more.