Bitcoin on regular Cash Apps

[Z-tight]

Op, maybe you should share a link to this story. To those who do not know, Cash App has integrated BTC into their system a long time ago, as way back as 2018. You can buy BTC and you can also sell BTC for USD in-app. You can also send and receive BTC on-chain in Cash App, it's not a new feature.

So, i don't know what op is talking about, but since BTC is adopted in Cash App, then you could always use it to pay bills, provided the recipient accepts BTC on-chain.

[bitcoin-shark]

Introducing Bitcoin as an option on payment apps would certainly boost its adoption and awareness while expanding user choice; many banking apps already offer bitcoin wallets and investment options, but in my view, this undermines its fundamental nature—namely, anonymity and independence from banking systems.

[Hamza2424]

Personally, I think this move goes on to show another port folio in Bitcoins usefulness. Now imagine cash apps allowing it's users to settle bills with Bitcoin without having to hold Bitcoin. One can't help but ask is this diversity deviating from what Bitcoin was create to achieve?

Wait a second, so we don't have to hold or own any bitcoins and we can pay our bills in BTC? That means our fiat will be used to buy BTC, and then it will be sent to the receiver's side on-chain and probably into their Cash App. Haha, well, I haven't heard a better way to summarize this paradox.

This is not adoption, it's just basic conversion. But if someone really holds fiat in this app, why do they even have to use BTC as a payment option? The BTC payment option is for Bitcoin holders. I always wanted to pay my electricity bills in Bitcoin, but I don't want to because that would be like telling them I own Bitcoin. With these increasing breaches, the next thing these hackers will be doing is attacking those authorities to get all the data about us and where we live haha. No thanks.

[Odusko]

Introducing Bitcoin as an option on payment apps would certainly boost its adoption and awareness while expanding user choice; many banking apps already offer Bitcoin wallets and investment options, but in my view, this undermines its fundamental nature—namely, anonymity and independence from banking systems.

While reading on this from sources, I think the bitcoin payment gateway is a USD pair third-party liquidity providers, this make the whole cash app bitcoin thing to sound as more of a promotion for cash app presence in the cryptocurrency market, and less of real bitcoin adoption, alot have to be considered going dealing with this services that not truely decentralized payment gateways but claims to be just ti lure customers into letting go of their money to any third-party.