Cash App Adds Bitcoin Lightning, Stablecoin Support

Cash App announced a major update on Nov. 13, including support for Bitcoin payments over the Lightning Network and the addition of stablecoin functionality. The release also encompasses 11 product updates and over 150 improvements.

Bitcoin USD payments via the Lightning Network will launch later in November. This will allow users to spend Bitcoin with automatic USD conversion, facilitated by a new Bitcoin Map for merchant discovery.

Stablecoin support will permit eligible customers to send and receive stablecoins with interoperability to USD balances. This feature is contingent on regulatory approval and unavailable to New York residents or those outside the US.

Cash App Borrow, a lending feature, has expanded to 48 states, excluding Colorado and Iowa, offering loans up to $500 without credit checks. Repayment rates for Cash App Borrow are above 97%.

Moneybot, an AI-powered financial assistant, is in pilot phase and will be rolled out more broadly in the coming months. The assistant provides personalized financial insights.

Cash App has prevented over $2 billion in scams since 2020 and reimbursed $8 million in 2024.

The updates build upon recent developments in the crypto space, including Mastercard and Ripple’s stablecoin settlement tests and the Sui Foundation’s launch of a native stablecoin. Both Cash App and Square (which also supports Lightning Network integration for merchants) are owned by Block Inc.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.