- Cash App introduces zero-to-low fee Bitcoin buys, higher withdrawal limits, and 24/7 access, in the part of making it more convenient
- Cash App’s news bitcoin features are introduced while the parent company Block Inc. plans up to 10% staff reductions.
Cash App, owned by Block Inc., introduces new bitcoin features on its platform to make it more accessible and usable, as Block Inc. is preparing to reduce its staff by up to 10% to reduce costs and to strengthen profits. On February 10, Cash App’s X post mentioned, “Cash App is built for living on bitcoin. We’re making foundational changes that help make Bitcoin everyday money.”
The platform announced that users can now buy Bitcoin with zero to low fees, including no fees on large purchases, recurring buys, and spending through the Lightning Network. Additionally, the eligible users will see higher withdrawal limits, making it easier to move their Bitcoin in and out of the platform.
Also, every Bitcoin purchased on Cash App is held 1:1, where users have full backing for their holdings and have 24/7 access to withdraw their funds at any time. With these new features, Cash App strengthens Bitcoin and tries to make it useful for daily financial activity.
According to their open letter in the same X post, Cash App is lowering fees with clearer pricing, including removing fees and spreads entirely on purchases over $2,000. Then, the eligible users would see bitcoin withdrawal limits increase five times
As the new Bitcoin features got a positive reaction, the Lightspark founder, David Marcus, wrote, “This is amazing.”
With that, on February 9, Block Inc.’s stocks closed at $56.78 with 1.45% surge, and after the closing hours, it posted gains of around 0.81%
Block Inc. Reduces Staff to Save Costs
As this announcement of Bitcoin features announcement came after the bloomberg reported that Jack Dorsey led Block In, the group behind Cash App, Square, and Afterpay, is planning to cut up to 10% of its staff on February 7, as these job cuts might affect around 1000 employees, mainly to save costs and become more efficient
As the staff reductions are being implemented across different teams as part of Block’s annual performance assessment process, the process is ongoing and expected to continue until late February.
Highlighted Crypto News Today:
Fed Governor Stephen Miran Backs Weaker Dollar and Tariff Policies While Crypto Prices Stay Stagnant
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
'Rich Dad Poor Dad' Author: Bitcoin Will Go Up After 'Giant Crash' - U.Today
Robert Kiyosaki warns of an imminent economic crash, suggesting it’s a buying opportunity. He highlights Warren Buffett’s cash reserves and believes prices for gold, silver, and Bitcoin will rise post-crash, despite facing backlash over his investment claims.
UToday16m ago
Spot Bitcoin ETFs Push Inflows to Five-Day Streak, First in 2026
US spot Bitcoin ETFs posted their first five-day inflow streak of 2026, tallying roughly $767.32 million for the week and signaling renewed investor appetite for physical-exposure products amid a volatile macro backdrop. Net inflows on Friday reached $180.33 million, extending a trend that began
CryptoBreaking52m ago
DWF Labs: Traditional Altseason Coming to an End, Institutional Capital Shifting to BTC, ETH, and RWA
Andrei Grachev from DWF Labs points out that the traditional "altseason" is gradually disappearing due to structural changes in the crypto market. Institutional capital increasingly favors Bitcoin and Ethereum, exposing altcoins to higher risks and capital outflows. Over the past 13 months, altcoin market capitalization has declined by over $209 billion.
GateNews59m ago
Bitcoin rose 8.55% this week, potentially marking the largest single-week gain since September 2025
Gate News reported on March 15 that according to Coinglass data, Bitcoin's weekly return rate is currently at 8.55%, with a historical average return rate of -1.03%. Despite the escalating Iran-Israel conflict and prevailing risk-averse sentiment in the market, Bitcoin is poised to record its largest single-week gain since September 2025. During the same period, the S&P 500 index (the benchmark index for the U.S. stock market) declined by 1.60%, with BTC's performance significantly outperforming the U.S. stock market.
GateNews1h ago
Bitcoin Cash Holds Support at $440 but Sellers Remain in Control
Bitcoin Cash (BCH) has corrected to a long-term support zone in the range of $440-$470, which is an area located just below the midpoint of the trading range that BCH has maintained over the past two years. Retesting this long-term support zone could open up an opportunity for a trend reversal in a positive direction.
TapChiBitcoin1h ago
BTC breaks through $73,000, short liquidation intensity will reach $429 million; falls below $70,000, long liquidation intensity reaches $459 million
According to Coinglass data, if Bitcoin price breaks through $73,000, centralized exchanges will face $429 million in short liquidation pressure, while if it falls below $70,000, $459 million in long positions will be liquidated. This reflects the degree of impact price volatility has on the market.
GateNews1h ago
