Digital payments company Block – previously known as Square – reportedly disclosed details of a new feature allowing Cash App users to choose both crypto and stock as gifting for friends and family. 

Specifically, Cash App reportedly revealed that its users – approximately 40 million active month-to-month – could send the minimum of $1 in Bitcoin (BTC) or stock as a gift in the similar manner they had been sending cash. 

The payments entity reportedly followed in the footsteps of others including PayPal and Coinbase, in offering facilitating features to send crypto as payments or gifts to third parties.

A research carried out by lending entity BlockFi reportedly revealed that US citizens displayed a willing attitude in accepting crypto including BTC, Ether (ETH), and Dogecoin (DOGE) as gifts this holiday season. 

Nonetheless, the similar survey also mentioned that almost all respondents did not possess the sufficient skill to transfer crypto. 

Numerous critics have attributed sending BTC to newbies as one of the factors leading to numerous coins having been lost since 2009.

Other initiatives are reportedly also adding crypto to the list of viable options for donations over the holidays, to offer assistance to the less fortunate ones. 

Fintech provider Unbanked reportedly disclosed in early December its initiative to support crypto donations for Toys for Tots, a program operated by the United States Marine Corps that collects toys to distribute to disadvantaged children. 

Furthermore, platforms such as the Giving Block reportedly enable non-profit organizations and charities to accept donations in crypto.