Cash App brings stablecoin payments to 60 million users — back the fintech building the on-ramp
Block (the company behind Cash App) is rolling out a dollar-backed crypto payment feature to all 60 million of its users. On the same day, Mastercard just got a New York crypto license, signaling that big financial companies are going all-in on crypto payments.
Idea
Block is turning Cash App's 60 million users into crypto payment users by rolling out a stablecoin feature this week. That's a massive mainstream audience suddenly getting access to dollar-backed crypto transactions. Mastercard getting a New York BitLicense on the same day confirms the trend — the biggest payment companies in the world are building crypto into everyday spending. Both stocks stand to benefit as crypto goes from a niche investment to a mainstream payment tool, and any continued strength in Bitcoin prices amplifies the narrative.