Switch language한국어
Back to the list

“Bitcoin is Money”: Jack Dorsey Endorses Block’s Latest Push to Make BTC Everyday Spendable Cash - Tekedia

TL;DR AI

Key summary

2 min read
  1. Block unveiled new Bitcoin features to make BTC easier to earn, convert, spend, and self-custody through Cash App, Square, and Bitkey.

  2. The rollout includes 5% bitcoin-back rewards at participating Square merchants and automatic conversion of Cash App P2P payments into BTC.

  3. Block also plans NFC Bitcoin tap-to-pay for Square and user-verifiable proof of reserves for company and customer holdings.

  4. Jack Dorsey endorsed the push, saying Bitcoin is money.

  5. The goal is to move Bitcoin from a mostly speculative asset into everyday spendable money, boosting merchant adoption and trust.

Read the original