Cash App Introduces Bitcoin Reserve Proof Feature

Cash App, a cryptocurrency financial application platform owned by billionaire Jack Dorsey, has launched a Bitcoin reserve proof feature this week. According to Odaily, this new feature allows over 60 million users to verify that the Bitcoin holdings on the platform are fully backed on a 1:1 basis. The market views this development as a significant step towards enhancing transparency, user trust, and self-custody standards in the cryptocurrency industry, and it is seen as a positive signal for the long-term healthy development of the sector.