Cash App (Square) launches automatic Bitcoin purchase

Cash App, the mobile application published by the payment firm Square, now allows you to buy Bitcoin at regular intervals.

On Twitter, Cash App announced the arrival of a new feature called "Auto Invest" and offering the possibility of investing in the first cryptocurrency in the market over time automatically.

The app now allows you to schedule automatic stock and bitcoin purchases, ” tweeted Cash App.

According to the mobile financial application, by spreading out purchases over time, investors can minimize the impact of market fluctuations.

Jack dorsey, the founder of Square and Twitter, said that Cash App users can schedule purchases every day, every week, or every 2 weeks with a minimum $ 10 recurring purchase limit.

In addition, users can use the measurement unit satoshis (sats) in order to split a Bitcoin up to 8 digits after the decimal point.

Note that this new functionality is also available for investment in securities listed on the stock exchange (shares).

Cash App allows to'buy and sell Bitcoin since January 2018 and announced, last month, having recorded a new record in terms of turnover for its Bitcoin-related activity in the first quarter of 2020.

Recently, Square Crypto, the Bitcoin subsidiary of the American payment company, awarded grants to two developers working on the queen of cryptocurrencies.

See also: Square Crypto Announces Lightning Development Kit