Square Cash App Now Allows (some) Bitcoin Deposits!!!!

[wry]

This is one of the announcements that I have been waiting for!

As many of you know, Square's Cash App has allowed you to buy and sell Bitcoin since November 2017.  However, what it has not been able to do until now is accept your external bitcoin deposits.  That is changing!  News report today has Square Cash extending to selected users the ability to deposit Bitcoin!

They have not said exactly how they are determining who to allow to deposit, but my guess it has something to do with KYC.  Still, this is exciting news.  I personally had held off on using Square Cash because what's the point if I can send it my winnings from Stake?  But now!  Yes!

Is anyone using this app?  How well has it worked?

Link:  https://www.coindesk.com/square-is-expanding-access-to-bitcoin-deposits-for-cash-app-users

[Kate]

Well didnt use the app yet but what doesnt make sense to me is after all this time they decide now is the time to open deposits ? When bitcoin price rises ?i guess they are running out of bitcoins. 

[3kpk3]

Personally, I do not like this app one bit due to the constant crashing issues that I have faced over time with it. It still feels like it is in beta mode and the customer care can only be contacted through email which is awful.

They don't even reply quickly. I would not recommend sending your BTC to such an app though I like what they are trying to achieve here.

[williamshennie9]

I've never sued Squarecash before, but I love it when new companies open up to bitcoin. The more platforms the accept bitcoin, the closer it is to being a global currency which we can all use.

[polor12]

only selected users,, not everyone can.. can that be some what a beta of some sort.. before allowing everyone to do so. square cash is a very popular app, with plenty of security for your money.. great to have if you have your own business.. instead of trading from the platform. you have your own n the the palm of you hand. that is good.. square cash is moving up on the times.. which app can be the next one to follow suit..