Cash App has announced they have opened up Bitcoin buying and selling in all 50 states. Previous restrictions were placed on the states of Georgia, Hawaii, and Wyoming due to regulatory hold up.
Red, white, and bitcoin. Now you can use Cash App to buy bitcoin in all 50 states. pic.twitter.com/D4fhVRz7WL
— Cash App (@CashApp) August 13, 2018
Cash App is a fast way to send and receive payments. It has just surpassed Venmo in popularity as total downloads for Cash app as of the end of July was 33.5 million, while Venmo had 32.9.
Cash app’s growing success has been partly attributed to the demand for Bitcoin. A rep from the company was said during an interview with Bloomberg,
“Crypto is just one of many pieces of utility that people want. It’s not the be all and end all that I think we hear a lot on financial news. Rather it’s just like any other form of investing. People want to have access and that’s what Square’s purpose is.”