Jack Dorsey, the co-founder of Twitter and Square, believes Bitcoin is the future. In the wake of Facebook’s advertising ban on cryptocurrencies, Dorsey tweeted his support for “greater financial access for all”.
Instant buying (and selling, if you don’t want to hodl) of Bitcoin is now available to most Cash App customers. We support Bitcoin because we see it as a long-term path towards greater financial access for all. This is a small step.
We also made this! https://t.co/z3u0liDNk4
— jack 🌍🌏🌎 (@jack) January 31, 2018
Square’s Cash App now allows customers to easily buy and sell Bitcoin. (Residents of New York state, Georgia, Wyoming and Hawaii are excluded.)
Bitcoin purchases through the app are capped at $10,000 per week, with no limit on the amount that can be sold.