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CEO of Twitter and Square Jack Dorsey Announced CashApp’s Recurring Bitcoin Purchase Options

Yiran Dai

Summary: Twitter CEO Jack Dorsey tweeted today that the function of automatic recurring purchases of bitcoin is now available for users of CashApp, Square’s mobile payment service. Dorsey is also the CEO of Square.

Twitter CEO Jack Dorsey tweeted today that the function of automatic recurring purchases of bitcoin is now available for users of CashApp, Square’s mobile payment service. Dorsey is also the CEO of Square.

Frequency options on the CashApp include purchasing Bitcoin/Satoshis one-time, daily, weekly, and every two weeks. Satoshis refers to the smallest unit of BTC, one hundred millionth of one bitcoin. The tweet has received 5K likes and 1K retweets at the time of writing.

CryptoPotato commented on CashApp’s new function as support for dollar-cost averaging (DCA), which limits the risks of investing in highly volatile assets.

By Yiran Dai

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