Square allows you to buy bitcoin automatically
Through the Cash App service, automated purchases can now be made at established time intervals
Square’s dollar cost averaging has developed a strategy that minimizes the “impact of market changes”, with the aim of offering its users the possibility of buying bitcoin (BTC) automatically for the adoption of the largest cryptocurrency.
The measure will be applied through the mobile payment platform Cash App, as confirmed by businessman Jack Dorsey, through Twitter, indicating that Square now supports automated purchases of BTC at established time intervals, thus protecting buyers from the popular currency of the market changes.
According to Square, one of the primary goals of this strategy is to turn app users into regular investors, or even tech-minded investors, into bitcoin-minded savers.
To enter the new feature, “you don’t need perfect timing if you think long-term,” says the company’s website. It also ensures that “Auto Invest allows you to configure it and forget about it through the dollar cost averaging, which is an investment term to regularly buy small amounts over time. By separating purchases, you can minimize the impact of market changes.”
Also, Auto Invest allows an account holder to commit to daily, weekly or monthly purchases, with a minimum of $ 10, even the display page can be changed to satoshis instead of BTC in order to facilitate navigation with little amounts.
K.Villarroel
Source: cointelegraph
