Cash App has introduced a suite of new features in its fall update, including an AI-powered chatbot for financial inquiries, a revamped rewards program, and the ability to locate merchants accepting Bitcoin payments while enabling dollar-denominated Bitcoin transactions.

The new assistant, named Moneybot, can respond to questions about spending patterns, income, and provide tailored recommendations for savings and investment allocations. Initially, the chatbot will be available to a select group of users, with plans to expand access in the coming months. Users can request personalized account reports by asking questions like, "Can you show my monthly income, expenses, and spending trends?" Additionally, Moneybot proactively suggests actions such as bill splitting, checking Bitcoin balances, and requesting payments from others.

Cameron Warboys, Head of Product Design at Cash App, stated, "Today’s consumers have access to vast amounts of data about their financial transactions and account balances. Moneybot takes this a step further by helping users turn these insights into actionable steps. Everyone’s financial journey is unique, so we designed Moneybot to learn individual spending habits and deliver real-time, personalized advice."

Block, led by Jack Dorsey and parent company of Cash App and Square, continues to explore new ways to promote Bitcoin adoption. Last month, the company rolled out an integrated Bitcoin solution for merchants to seamlessly receive cryptocurrency into their wallets. Now, users can locate Bitcoin-accepting merchants via a new map feature and pay in dollars without holding Bitcoin. The company leverages the Lightning Network, a Bitcoin layer-2 payment protocol, to facilitate transactions via QR codes.

Block also revealed plans to soon enable select users to send and receive stablecoins within the app.

Additionally, the company revamped Cash App’s rewards program. Previously, users needed a monthly direct deposit of at least $300 to qualify for benefits like a 3.5% yield. The new program, Cash App Green, offers rewards to users who meet either of the following criteria: spending $500+ monthly via the Cash App Card or Cash App Pay, or receiving $300+ in monthly deposits.

Benefits include higher borrowing limits (up to $400 for first-time borrowers and $300 increases for others), overdraft protection up to $200 for Cash App Card transactions, fee-free ATM withdrawals, up to 3.5% APY on savings, and weekly customized merchant discounts.

Block estimates that up to 8 million accounts will now qualify for Cash App Green rewards. The company also introduced a 3.5% APY for teen accounts with no balance requirements. Other updates include expanding Cash App Borrow to 48 U.S. states and integrating select Afterpay buy-now-pay-later (BNPL) features within the app without requiring separate logins.