The Frontier

Block’s Bitcoin map shows Cash App’s nearly 60 million monthly active users where to find Bitcoin-enabled merchants, and merchants on the map see payment counts nearly 500% higher than those not listed.

Block introduced auto-enrollment for Bitcoin payments, a merchant-facing toggle, and a 5% Bitcoin rebate through Cash App for the rest of the year, alongside a 'dollars on Lightning' feature to settle payments without a taxable event.

Cash App now allows users to auto-convert a percentage of incoming peer-to-peer payments into Bitcoin with zero fees, expanding existing zero-fee options for direct deposit conversion, card roundups, and scheduled auto-invest.

Block recently introduced free Bitcoin buys for any amount over $2,000 on Cash App and is working on outbound ACH functionality as a key part of living on a Bitcoin standard.

Block’s new Bitkey hardware wallet includes a screen for a more intuitive self-custody experience, and the company envisions seamless ecosystem connectivity where a paycheck converts in Cash App and auto-withdraws to self-custody.

Block launched a proof of reserves for Bitcoin custodied across Cash App, Square, and Block, claiming to be the only company with both public financial audits and on-chain verification.

Block will roll out a public Bitcoin roadmap across Square, Cash App, Bitkey, and Proto to build in public and allow community influence on development priorities.