Coinspeaker

20 hour ago

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Cash App Adds Bitcoin Lightning Payments and Stablecoin Support in Major Update

Cash App announced updates on Nov. 13, including:

• Bitcoin USD payments via Lightning Network launching later in November for automatic USD conversion. Includes a Bitcoin Map for merchant discovery.
• Stablecoin support for sending and receiving with USD balance interoperability, pending regulatory approval. Not available to New York or non-US residents.
• Security measures have blocked over $2 billion in scams since 2020; $8 million reimbursed in 2024.

AI Assistant and Lending Expansion

• Moneybot, an AI financial assistant, is in pilot testing, set for broader release soon.
• Cash App Borrow now covers 48 states (excluding Colorado and Iowa), offering up to $500 without credit checks.
• Cash App Green benefits include no ATM fees and higher savings interest for users meeting spending/deposit thresholds.

Stablecoin Market Context

• Mastercard and Ripple tested stablecoin settlement for Gemini credit card transactions using RLUSD.
• Sui Foundation launched USDsui native stablecoin to capture network yield revenue.
• Square enabled Bitcoin payments for merchants with Lightning Network integration.

Additional updates include Afterpay integration, teen accounts with up to 3.5% APY on savings, and enhancements to the Pools feature used by 1.7 million customers since August 2025.