Cash App users now have an option to automatically buy bitcoin



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Cash App users now have an option to automatically buy bitcoin

Cash App users now have an option to automatically buy bitcoin

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The developers of Square, headed by Jack Dorsey, have added the function of automatic purchase of bitcoin at certain intervals to the Cash App payment application. As the head of Square himself and the creator of Twitter explained, the service can be configured to buy bitcoin every day, every week, or two weeks. Also, according to him, the account balance can be displayed in the minimum fractional parts of bitcoin – Satoshi.

You can now do automatic recurring purchases of #bitcoin in @CashApp. Daily, weekly, or every 2 weeks. And change the display to sats. #stackingsats pic.twitter.com/kOlxQtkuwd

– jack (@jack) May 18, 2020

The Cash App blog says that the auto-investment option helps the user to follow the Dollar-Cost averaging (DCA) strategy, which involves the regular purchase of an asset, regardless of the current price.

“By distributing purchases, you minimize the impact of market fluctuations,” the developers explain.

According to them, those who are focused on the long term, do not need to worry about choosing the right time to buy BTC. In addition to Bitcoin, users can use Autoinvestment to buy shares.Earlier, representatives of the Cash App announced a surge in investment in bitcoin against the backdrop of the global crisis.

Cash App users now have an option to automatically buy bitcoin

 



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