Block Introduced Bitcoin Rewards for Cash App
Cash App users can now earn a two percent annual bonus in Bitcoin on their holdings.
Updated on Oct. 1, 2026 in Investing
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Block has launched a new feature for Cash App allowing users to earn up to a 2% annual reward in Bitcoin. Users must opt into the program through the app's Bitcoin tab to begin accruing rewards on their holdings.
Why it matters
The move aims to incentivize user engagement by offering rewards without the typical requirements of staking, lending, or asset lockups. This feature provides a new way for investors to increase their Bitcoin exposure while retaining control over their digital assets.
The new feature provides a 2% annual yield on Bitcoin held in the app. These rewards are available without lockups or lending, and holdings remain liquid for immediate withdrawal at any time.
The players
Block, Inc.
Block, Inc. is a financial technology company formerly known as Square that provides payment processing and consumer financial services.
Jack Dorsey
Jack Dorsey is the co-founder and former CEO of Twitter who currently serves as the chief executive of Block, Inc.
The details
To participate, users must actively opt-in through the Bitcoin tab within the Cash App interface. Once enabled, rewards are earned based on the balance held, though users should note that any bonuses received are subject to taxation.
Timeline
September 30, 2026: Block launched the Bitcoin rewards feature and Jack Dorsey encouraged user participation.
Market Dynamics
This move represents an expansion of the Cash App ecosystem by integrating decentralized asset incentives into a traditional consumer fintech platform. It reflects a broader trend of financial firms attempting to capture crypto-native activity within established, regulated applications.
Users can potentially increase their Bitcoin holdings by 2% annually without taking on the risks associated with lending or staking. Investors should consult their tax advisors, as these rewards are considered taxable income.
The takeaway
This feature allows passive Bitcoin holders to grow their position without relinquishing custody of their assets. Investors should remain mindful that while rewards provide a yield, the underlying volatility of Bitcoin remains a factor in total portfolio value.
Further reading
For more information on current investment tools, visit the Investing section.
Source note: This article includes information reported by Benzinga.
Live Poll
Would you opt in to earn rewards by holding cryptocurrency in a digital wallet app?
