There are already a number of ways to gift cryptocurrencies, but today Cash App will make doing so simpler with a new feature rolling out to its peer-to-peer payments app. The app, owned by Block (the company formerly known as Square) will now allow users in the U.S. to send bitcoin, as well as traditional stocks, as gifts to other U.S. Cash App users.
While services like Stockpile and Coinbase allow users to gift stocks and cryptocurrencies, respectively, Cash App notes this is the first time such features have been offered in a peer-to-peer payments app.
The feature builds on prior functionality Cash App offered that allows users to send bitcoin to any $Cashtag on the app for free. What makes this new “gifting” feature different is that now, users can send bitcoin using their Cash App USD balance or debit card …
