Block turns on stablecoin payments for 60 million people — buy the crypto adoption wave
Block is turning on crypto stablecoin payments for all 60 million Cash App users this week, and Mastercard just got a New York crypto license. Meanwhile, Bitcoin didn't even flinch when someone dumped $1.3 billion worth through a BlackRock fund — demand is absorbing everything.
Idea
Block is flipping the switch on stablecoin payments for 60 million Cash App users this week — that is instant crypto-onboarding at a scale no other company can match right now. Mastercard getting a New York BitLicense the same week confirms that the biggest payments companies in the world are building real crypto infrastructure, not just experimenting. On top of that, Bitcoin just absorbed a $1.3 billion BlackRock ETF sale without dropping, which tells you institutional and retail demand are both running hot. When payments giants go all-in on crypto and the underlying asset won't go down despite massive selling, the companies building the rails — Block and Mastercard — are the ones positioned to benefit most.