Markets News
Crypto1 min read
Cash App Adds Weekly Bitcoin Rewards for Users Who Opt In
Block says eligible Cash App users can earn up to 2% annually in Bitcoin by holding it in the app.
Key takeaways
- Cash App users can earn weekly Bitcoin rewards of up to 2% annually.
- Users must opt in through the Bitcoin tab, and rewards are taxable.
Block CEO Jack Dorsey urged Cash App users to opt in to the app’s new Bitcoin bonus feature, which offers weekly rewards of up to 2% annually in BTC for holding Bitcoin in the app.
The company says rewards are funded directly, with no lockup, lending, staking or transfer of users’ Bitcoin. Holdings remain available for withdrawal at any time.
Users must opt in through the app’s Bitcoin tab to qualify. The bonuses are taxable.
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Further reading
This article was produced with the help of AI technology. Source: Yahoo Finance
