Jack Dorsey Touts ‘Bitcoin Only’ Cash App, Says Block’s Wallet ‘Improving Rapidly’
Posted On June 4, 2025
Jack Dorsey, co-founder and executive chair of Block Inc. (NYSE:XYZ), reiterated the Bitcoin (CRYPTO: BTC)-only strategy of its “Cash App” digital wallet service on Tuesday.
What happened: Dorsey took to X, stating, “We are Bitcoin only. And improving rapidly,” in response to a post that praised Cash App’s Bitcoin features
The quoted post, by a Bitcoin maxi named HFSP.eth | ₿itcoin Only, said that Cash App allows users to convert their direct deposits (e.g., paychecks) into Bitcoin without any fees or spread, i.e., the difference between buy and sell prices that platforms often charge.
“It’s the absolute best way to accumulate Bitcoin,” the user said.
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