Cash App will be adding Stablecoin transfers and will allow using Bitcoin to pay merchants

November 13th. According to "Fortune", Jack Dorsey's payment and banking platform, Cash App, announced that it is going to support users in sending and receiving stablecoins. A spokesperson for Block said that the use of stablecoins will be launched at the beginning of next year. The spokesperson did not disclose which stablecoins or blockchains Cash App plans to support. They also added that each user will obtain a blockchain address linked to their account. In addition to announcing the plan to add stablecoins to Cash App, Block also stated on Thursday that Cash App users will be able to use Bitcoin to make payments to merchants. Users do not need to hold Bitcoin in the Cash App. They just need to scan the merchant's QR code that accepts Bitcoin, and the platform will automatically convert the user's cash into Bitcoin and send it to the merchant.