According to The Bitcoin Historian, Cash App’s new proof-of-reserves tool lets more than 60 million users independently verify that platform Bitcoin holdings are backed 1:1, reinforcing transparency and trust.
Cash App has launched a Bitcoin proof-of-reserves feature that allows independent verification that customer Bitcoin holdings on the platform are backed 1:1. According to The Bitcoin Historian, the update applies to more than 60 million users and is positioned as a transparency measure to strengthen trust in how custodial Bitcoin reserves are managed. The feature also aligns with broader industry efforts to improve reserve visibility and support stronger self-custody standards.