Cash App to Enable Bitcoin Payments Using USD Balances
The payment platform will allow users to transact over Bitcoin rails while spending directly from their U.S. dollar balance starting tomorrow.
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Summary
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Terms & Concepts
- Bitcoin rails: The transaction infrastructure built on the Bitcoin network, enabling peer-to-peer payments without traditional intermediaries.
- USD balance: The amount of U.S. dollar funds a user holds within an account or platform, usable for transactions.