Square Cash App, a mobile platform for sending and receiving fiat currency, has recently announced that Bitcoin trading through the app is now available to almost all users. When the platform was initially introduced for experimentation, its functionality was only limited to selected locations. It was not until on January 31 when Square Cash App CEO Jack Dorsey has declared that the platform is now accessible to nearly every user across different states.

Square cash app’s conception inspired by Satoshi’s vision

Dorsey’s previous announcement came following Square Cash App’s initial testing conducted in November, with only 3 million selected customers provided access to the platform’s functionality. Since its launch, the platform has seen a stock rise of over $1 billion in as little as five days. Today, Square Cash App has expanded its footprints across the globe.

As Dorsey has depicted in the platform’s promotional blog, the app’s conception owes largely to Satoshi Nakamoto’s vision, highlighting that:

“One thing is clear though: Satoshi’s vision is having an impact all around the world.

Dorsey continued the announcement, underscoring the advantages the Square Cash App can provide compared to other cash apps, as he further explained that:

“We’ve made it just as easy to buy and sell BTC straight from your Cash App balance — Unlike other apps, most of our buys and sells happen in seconds, and you can even spend your proceeds from a free Visa debit card.”

Bitcoin: a long-term path towards greater financial access

As Dorsey stressed on the platform’s Twitter page, the app now offers instant BTC, explaining that:

“We support bitcoin because we see it as a long-term path towards greater financial access for all — This is a small step.”

Due to more stringent cryptocurrency regulations in other parts of the globe, at press time, the Square Cash App platform remains inaccessible to a number of states, including New York, Wyoming, Georgia, and Hawaii.