"The most awaited and noteworthy update is likely the expansion of the withdrawal limits, which were raised to 10,000 a day from 2,000 and 25,000 a week from 5,000 for eligible customers. This update was rolled out by default to the vast majority of users, who should have access to it now. Suter also mentioned that those who do not see the withdrawal limit expansion can reach out to him or support for further review of eligibility."
"Spreads are gaps in the price of an asset like Bitcoin, depending on whether you are buying or selling. Usually, they are the result of order books that match buyers and sellers on a list sorted by exchange rate. A small spread between the most anyone is willing to pay for some bitcoin and the least anyone is willing to accept for theirs, is normal in most exchanges. But it can also be confusing and appear like inconsistent pricing."
Cash App serves over 58 million active users and expanded Bitcoin withdrawal limits to 10,000 a day and 25,000 a week for eligible customers, up from 2,000 daily and 5,000 weekly. The expansion rolled out by default to the vast majority of users, with support available for eligibility review. Fees and clearing prices improved with "no spreads" pricing, providing a single price point for buys and sells. Additional under-the-hood changes include lower fees, new funding rails, and user-experience upgrades designed to integrate Bitcoin more deeply and unlock further functionality for Bitcoin users on the app.
Read at Bitcoin Magazine
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