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Cash App Launches Moneybot AI Assistant, New Bitcoin Tools, and Revamped Green Benefits Program

Prime Highlight

  • Cash App introduced Moneybot, an AI financial assistant that provides personalised insights on spending, income, savings, and investments while adapting to user behaviour.
  • The company also launched new Bitcoin-friendly payment tools and a redesigned benefits program aimed at delivering more value to active users.

Key Facts

  • The new Cash App Green program offers rewards such as up to 3.5% APY, free overdraft coverage, ATM withdrawals, and borrowing limits up to $400.
  • Bitcoin updates include the ability to pay via Lightning Network using USD, locate businesses accepting Bitcoin, and upcoming support for stablecoin transfers.

Background

Cash App has announced an update with new features, including an AI financial assistant, improved Bitcoin tools, and a redesigned benefits program to give more value to active users. Block, the company led by Jack Dorsey that owns Cash App and Square, announced the updates.

The new AI assistant, called Moneybot, can answer questions about users’ income, spending habits, savings, and investment plans. Select users will gain early access, with a wider rollout planned over the coming months. The chatbot can deliver personalised financial reports and recommend actions such as splitting bills, checking Bitcoin balances, or sending requests for payments. Cash App said Moneybot is designed to learn user behaviour and tailor its suggestions in real time.

In line with Block’s push for broader Bitcoin adoption, the update also introduces tools that allow customers to find shops accepting Bitcoin and make Bitcoin payments using USD without directly holding the cryptocurrency. Transactions will be processed using the Lightning Network through QR codes. The company added that it will soon allow some users to send and receive stablecoins.

Cash App also announced a major change to its benefits system. The new Cash App Green program will offer rewards to users who spend at least $500 a month through Cash App Card or Cash App Pay, or who receive deposits of $300 or more. Benefits include borrowing limits of up to $400 for first-time users, free overdraft coverage, ATM withdrawals, up to 3.5% APY on savings, and weekly customised offers.

Block said the updated program will make around 8 million accounts eligible for benefits. Teen users will also receive a 3.5% APY with no balance limit. Other updates include broader access to Cash App Borrow across 48 states and integrated Afterpay BNPL features.