Bitcoin News Update: Cash App Connects Users to Global Finance Using Bitcoin and Stablecoins

Cash App, a financial platform managed by

Block Inc.

, has introduced new capabilities that let users send and receive

Bitcoin

through the Lightning Network, as well as make stablecoin transactions. These enhancements, announced in late November 2025, represent a major advancement in making digital assets accessible for daily use. With these updates, the app now serves 58 million active users and

strengthens Jack Dorsey's company’s role

in connecting conventional finance with decentralized technologies.

The integration of the Bitcoin Lightning Network enables users to complete nearly instant, low-fee payments without needing to hold Bitcoin in their accounts. By converting USD balances to Bitcoin at the point of purchase, this feature streamlines the process for everyday users and helps them avoid taxable events. Merchants using Square, Block’s point-of-sale solution,

are now able to accept Bitcoin in several ways

— BTC to BTC, BTC to fiat, fiat to BTC, or fiat to fiat — all with zero fees until 2027.

Block’s most recent figures show

that more than 4 million merchants worldwide already accept Bitcoin through Square.

Support for stablecoins also arrives, allowing users to send and receive digital dollars tied to the U.S. dollar, beginning with

USDC

on the

Solana

blockchain. This update comes as regulatory frameworks become clearer, such as the GENIUS Act signed by President Donald Trump, which outlines rules for stablecoin issuance. The integration takes advantage of Solana’s fast and affordable network, a decision that has earned praise from industry figures like

Circle

CEO Jeremy Allaire, who pointed to the potential for broad adoption

based on industry insights

.

Miles Suter, Block’s Bitcoin Product Lead, highlighted the company’s vision: “Bitcoin is the backbone of an open, global financial system, while stablecoins provide a bridge for moving digital dollars quickly,” he explained

The timing of these changes is crucial. With institutional enthusiasm for crypto cooling and ongoing economic uncertainty, consumer adoption is now a primary factor in Bitcoin’s practical use. Cash App’s instant payment option could help drive this trend by making peer-to-peer and merchant payments more seamless. For example, Jour Cards, a platform for crypto gift cards, has already broadened its services to include Bitcoin-based purchases for Apple and iTunes, demonstrating the expanding real-world applications.

Nevertheless, obstacles persist. Unclear regulations, especially regarding tax rules for small transactions, may slow adoption. Additionally, scaling the infrastructure to support millions of users while maintaining security and speed will be vital. Despite these issues, the direction is evident: Bitcoin is transitioning from a speculative investment to a usable currency, with stablecoins helping to address volatility for both shoppers and businesses.

Block’s stock (XYZ) has experienced fluctuations recently, mirroring the wider market’s instability, but the company’s financial position remains strong, holding $315 million in digital and liquid assets and 2,123 Bitcoin as of September 2025