Cash App Now Fully Supports Taproot, Bitcoin's Upgraded Version

Great news for Bitcoin enthusiasts! The widely known Cash App mobile payment service developed by Square, which is being used to transfer money with the usage of a mobile app, now fully supports the Taproot Bitcoin upgrade. This major development signals a significant step forward for Bitcoin adoption and enhanced functionality.

Cash App Embraces Taproot: What You Need to Know

Cash App will add support to the Taproot Bitcoin upgrade by December 1, the company said in a statement. The highly anticipated upgrade went live in the Bitcoin network, promising improved privacy, efficiency, and smart contract capabilities. This makes Cash App one of the first major platforms to fully embrace these advancements. In mid-November, BitcoinMagazine shared that Bitcoin had been trying out the Taproot Model available at Square's exchange. The experimental period aimed at evaluating how well Cash App users would use Taproot.

Seamless Integration and Widespread Rollout

To ensure a seamless update, we will confirm that the mainnet Taproot activation is working as expected before rolling it out to all customers. As of December 1, Cash App users can now leverage the benefits of Taproot transactions directly within the app. This includes lower transaction fees for complex smart contracts and increased privacy for all users.

Taproot Activation Working as Expected

As Bitcoin had announced earlier, the trial phase would last up until 1st December. And today, Cash App users are experiencing the enhanced features and functionality of Taproot. Ver más about the specific benefits and how to use Taproot within the Cash App environment on their official support pages. This update positions Cash App as a leader in supporting the latest Bitcoin technologies, offering its users a more efficient and secure way to interact with the cryptocurrency.