Cash App, owned by Jack Dorsey’s Block, is stepping deeper into artificial intelligence with the launch of a new AI chatbot called Moneybot. As part of its latest fall update, the company unveiled several features designed to make personal finance more intuitive, including Bitcoin payment tools, new benefits, and expanded borrowing options.
AI-Powered Financial Guidance
Moneybot, the new AI assistant, is built to help users better understand and manage their money. The chatbot can answer questions about spending habits, income trends, and savings goals, offering personalized insights based on user data.
At launch, the tool will be available to select users, with wider access expected in the coming months. Users can in the coming months. Users can ask questions like “Show me my monthly income and expenses” or “What’s my Bitcoin balance?” and get real-time financial summaries.
According to Cameron Worboys, Cash App’s Head of Product Design, “Moneybot turns financial data into actionable insights. It learns each customer’s habits and tailors its suggestions in real-time.”
Expanding Bitcoin Payments and Crypto Access
Alongside the AI assistant, Cash App is expanding its Bitcoin payment ecosystem. Users can now discover locations that accept Bitcoin and even make payments in USD via the Lightning Network, a layer-2 Bitcoin system that enables instant transactions through QR codes.
The company also revealed plans to support stablecoin transfers soon, giving users more flexibility in how they send and receive money through the app.
This development builds on Block’s recent push for Bitcoin adoption, including a merchant solution that allows businesses to receive cryptocurrency directly into their wallets.
Also Read: Apple Launches Digital ID: iPhone Users Can Now Carry Their Passport in Apple Wallet
Introducing the “Cash App Green” Program
Cash App is also overhauling its benefits program with a new initiative called Cash App Green. To qualify, users must either spend $500 or more per month through the Cash App Card or Cash App Pay, or receive direct deposits of at least $300 monthly.
Eligible users will enjoy:
- Higher borrowing limits (up to $400 for first-timers)
- Free overdraft coverage up to $200
- Free in-network ATM withdrawals
- Up to 3.5% APY on savings balances
- Five customized weekly store offers
Block estimates that up to 8 million accounts will qualify for these perks. The company also confirmed that teen accounts will earn a 3.5% APY with no balance limit, a move likely aimed at attracting younger users.
Broader Access to Lending and BNPL
In addition to AI and rewards, Cash App is expanding access to its Borrow product across 48 states, while integrating Afterpay’s Buy Now Pay Later (BNPL) features directly within the app. Users will no longer need a separate Afterpay login to use installment payment options.
