Cash App's crypto support expands beyond bitcoin and USDC via MoonPay
Eligible Cash App users will be able to use their balances to purchase digital assets offered by MoonPay, which include ether, solana and stablecoin USDT.
Cash App, a mobile payment service developed by fintech company Block, has expanded its cryptocurrency offerings to include additional digital assets. This expansion, facilitated by crypto payments platform MoonPay, allows U.S. Cash App users to utilize their balances to purchase cryptocurrencies like ether, solana, XRP, and the largest stablecoin, USDT.
Additionally, users can fund various wallets such as Ledger, BitPay, Trust Wallet, MetaMask, and Uniswap through their Cash App balances. Previously, Cash App only supported bitcoin purchases. While bitcoin maximalist Jack Dorsey, the founder of Block, initially resisted supporting stablecoins, the company's "customers want to use them."
Block's global partnerships lead, Morgan Kuntze, stated that the integration aims to provide customers with choice and flexibility, with bitcoin remaining at the core of their digital asset strategy.
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