In brief:
₿- Cash App eliminates fees on large and recurring Bitcoin purchases while enabling fee-free Lightning Network Bitcoin payments to accelerate everyday Bitcoin transaction adoption.
₿- Higher Bitcoin withdrawal limits and fully backed 1:1 Bitcoin custody strengthen self-custody access, liquidity assurance, and user control across the Cash App Bitcoin ecosystem.
Cash App has introduced a major overhaul of its Bitcoin fee structure, eliminating fees on large Bitcoin purchases, recurring Bitcoin buys, and Lightning Network Bitcoin payments. The update marks one of the platform’s most aggressive moves to position Bitcoin as an everyday payment method rather than a passive investment asset. Users purchasing Bitcoin above key thresholds now face zero fees or spreads, while automated recurring Bitcoin purchases execute without additional costs, strengthening Bitcoin accessibility, payment utility, and long-term adoption within the Cash App ecosystem.
Higher withdrawal limits and 1:1 Bitcoin custody assurances
Fee-free Bitcoin spending through the Lightning Network enables near-instant Bitcoin transactions, aligning with broader industry efforts to scale Bitcoin payments for everyday commerce. Cash App described the upgrades as “foundational” changes aimed at accelerating Bitcoin adoption as a daily payment method and usable digital money.
Eligible users will also gain access to significantly higher Bitcoin withdrawal limits, in some cases rising up to five times previous thresholds. Expanded Bitcoin withdrawal caps are designed to improve asset mobility while reinforcing Bitcoin self-custody flexibility- a critical feature for crypto-native users prioritising direct control over digital assets.
All Bitcoin purchased on Cash App continues to be held on a fully backed 1:1 basis, ensuring complete reserve custody and uninterrupted withdrawal access. 24/7 Bitcoin withdrawals remain available, strengthening transparency, liquidity assurances, and platform trust at a time when Bitcoin custody standards and proof-of-reserves practices remain a major industry focus.
Feature rollout coincides with Block’s cost-cutting drive
The Bitcoin feature expansion arrives as parent company Block Inc. executes a broad operational restructuring. Reports indicate the firm is preparing to reduce up to 10% of its workforce as part of an efficiency programme tied to profitability targets.
Block has been streamlining operations since 2024, integrating Cash App more deeply with Square while scaling initiatives across Bitcoin infrastructure, artificial intelligence, and mining through its Proto division. Workforce reductions are being implemented through performance reviews running into late February.
Analysts expect Block to report approximately $403 million in adjusted Q4 earnings on $6.25 billion in revenue. Leadership has also outlined long-term ambitions to generate nearly $12 billion in gross profit by 2026, signalling that Bitcoin-driven monetisation and cost discipline will remain central to its growth strategy.
Stay informed,
Rodcas Consulting Group