Cash App, a financial platform owned by Jack Dorsey’s Block Inc., has rolled out a series of new features in its fall update, including an AI-powered chatbot dubbed Moneybot, enhanced Bitcoin payment options, and a revamped benefits program. The latest update marks the company’s most ambitious attempt yet to blend artificial intelligence with personal finance management, giving users deeper insights into their spending habits and saving goals.
The new assistant, Moneybot, is designed to answer personalized questions such as “Can you show me my monthly income, expenses, and spending patterns?” It also provides suggestions on actions like splitting bills, checking Bitcoin balances, and requesting payments. According to Cameron Worboys, Cash App’s Head of Product Design, the chatbot helps users “turn insights into action,” learning individual spending behaviors to offer tailored financial advice. Initially, Moneybot will roll out to select users, with a wider release planned in the coming months.
In addition to the AI rollout, Cash App is expanding its Bitcoin functionality, allowing users to discover and pay at locations that accept Bitcoin directly through the app. The platform now enables customers to make Bitcoin payments using USD via the Lightning Network, a fast, low-cost payment protocol that facilitates cryptocurrency transactions through QR codes. The company also revealed plans to let users send and receive stablecoins in a forthcoming update, further integrating blockchain-based finance into everyday transactions.
Block is also introducing a new Cash App Green program, replacing the previous direct deposit-based rewards system. Under the new structure, users who either spend $500 monthly through Cash App Card or Pay, or receive $300 in deposits, will qualify for enhanced benefits — including up to 3.5% APY on savings, free overdraft protection up to $200, higher borrowing limits up to $400, and custom weekly store offers.
The program is expected to make about 8 million accounts eligible. Additionally, teen accounts will now earn a 3.5% APY without balance limits, while Cash App Borrow expands to 48 U.S. states, and some Afterpay BNPL features will become accessible within the main app, eliminating the need for separate logins.