Apps push for crypto gifting during holidays

Retail trading apps are using the holidays to recruit more crypto adopters.Driving the news: Robinhood said this week it would launch a crypto gifting feature just ahead of Christmas. Cash App, owned by Block (formerly Square), updated one of its similar features this week.Why it matters: Crypto trading makes up a big part of their business. Gifting crypto could lure newcomers, as TechCrunch notes.How it works: Robinhood users “can send as little as $1 worth of one of seven cryptocurrencies.” Recipients have 14 days to accept gifts through their own account on the app.Cash App lets users send bitcoin using their balance or debit card now.

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