If you’re curious about the Bitcoin craze but haven’t jumped in yet, Square Cash has made it super simple to buy and sell Bitcoin from your iPhone. Square CEO Jack Dorsey says Cash added Bitcoin trading because the company sees Bitcoin “as a long-term path towards greater financial access for all.” The latest update lets you use your Cash balance to instantly buy and quickly sell BTC, and adding funds to your Cash app takes just a few taps.
Cash isn’t the first iOS app to let you quickly buy and sell BTC, but it does have the benefit of already being used by tons of users. Cash originally debuted as an easy way to send and receive money between friends and family, and the app has continued to add modern features to improve the experience.
Square Cash beat Apple Pay Cash to enabling sending money over iMessage and using a virtual debit card over Apple Pay in stores and in apps. The service even offers a physical Visa debit card for using in stores that do not accept Apple Pay.
In promoting Bitcoin, Square has a new explainer site that describes the history of cryptocurrency at a high level which includes links to resources on using Bitcoin with Cash: Bitcoin’s price is volatile and unpredictable, so please make wise financial decisions. Don’t spend more than you can afford, and review the FAQ and risks to buying Bitcoin before you buy.
Square supports buying and selling Bitcoin through the Cash app in the United States with a few exceptions at launch: New York, Georgia, Hawaii, and Wyoming. Download Square Cash for free on the App Store. Read more from 9to5mac.com…
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