Block Sees Bitcoin Disrupting Payments Networks, Expects Self-Custody to Grow

Brian Grassadonia, Cash App’s co-creator and lead, said that Bitcoin is a positive for Block as customers bring money into the overall ecosystem, with “multiple opportunities for monetization.” In addition, given Block’s network scale, Grassadonia believes Cash App can help bitcoin “evolve beyond an asset class,” and offer more transactional utility for individuals. Since bitcoin was incorporated into Cash App in 2018, the company has seen mover 10 million monthly active bitcoin users within its app, according to Grassadonia.

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