CashApp “Boosts” Are Getting Better Everyday – Including Bitcoin

[UPDATED 2021] We have written quite a bit about what we call the “Swiss army knife” of money, the CashApp and its many advantages. The tools and utility of this app continue to grow. From investing, cash management, payment transfers, Bitcoin, savings, etc.

CashApp Boosts

One tool we frequently use are the CashApp “boosts.” In order to use these, one must have the CashApp debit card. Once you have the debit card there are many ways to save money on everyday purchases by simply using the App.

Fractional Shares

Today, CashApp launched the ability to buy and sell portions of a stock for free. This is a new potential disruption to Banking, Robinhood and other trading apps such as WeBull. I haven’t yet received the update to see the user interface, however I’ll keep this post updated as I get new information on it. https://www.cnbc.com/2019/10/24/square-launches-stock-trading-on-its-popular-cash-app.html A few months ago I asked if the CashApp was disrupting the Starbucks Gold Rewards Program? I think in terms of cash back rewards it certainly is. Check out the post below for more info. So far the last 20 times I went to Starbucks, I saved 20 bucks! And this isn’t one of those rewards like Costco where you have to wait to get the cashback many months in the future–the dollar amount you spend is saved immediately when you use the card. The only “trick” is to remember to change the “boost” to the correct vendor right before the transaction. In order to have the Boosts available to you inside the CashApp, you need to order their Debit Card which enables you to use the card anywhere credit cards are taken. I put my card into my Apple Wallet and usually use it electronically on my iPhone  where they accept Apple Pay. It works well and you still get the Boosts. Here are some of the latest Cash App boosts available for some super saving:
  • Chipotle – 10% off
  • Chick-fil-A – 10% off
  • Trader Joe’s – 10% off
  • Buffalo Wild Wings – 10% off
  • Del Taco – $1 off
  • In-N-Out – $1 off
  • Domino’s – 10% off
  • Taco Bell – 10% off
  • Whole Foods – 10% off
Today I’m highlighting some of the new partnerships that CashApp has added. Chick-fil-A, Whole Foods, Panda Express, Wendy’s, Chipolte, Shake Shack, Dairy Queen, and Domino’s all offer 10% discounts. When combined with other coupons and store rewards, the discounts can add up quickly!    

Bitcoin Boost

An exciting new boost is the ability to earn 5% worth of Bitcoin on purchases. For those not familiar with Bitcoin, here is a primer:

Bitcoin Bull Run

Most recently Bitcoin seems to have broken through some kind of psychological resistance to $40,000/coin. I recall when it was under $1,000 and I would ask, why would anyone pay a thousand for this line of code? Wow, hindsight! Here is our take on Bitcoin and crypto in general from investors/traders that have owned the coin for years.
  • Bitcoin seems to defy the common logic of assets and currencies. It is and isn’t an investment, asset, currency, etc. It could be a store of value, a new technology expression and a new way of trading value.
  • Bitcoin is in the eye of the beholder. It is worth what the whole network of trades believe it is worth.
  • There may be winners and losers, like a pyramid scheme. So keep an eye out for how the traditional fiat money is transferred via blockchain.
  • Major institutions are taking positions and anyone can access Bitcoin via the CashApp. (SEE RELATED: Robinhood Vs. CashApp)
  • One big draw of Bitcoin is that it is not manipulated by Governments. It is like the currency of the people of the world that believe in it and use it. in other words, there is a finite supply and more cannot be printed. Only 21 million can be “mined” and about 85% is already in circulation.
  • But can it be manipulated by “whales” or foreign government actors? The lack of transparency makes this hard to predict.
  • A historical example of perceived value was the great Tulip bulb craze of the 1600’s. At the peak of the mania, one Tulip (Hopefully quite perfect) sold for about the price of a house. This means that Bitcoin may have further to go. Perhaps I can pay off my mortgage with it someday. But a key difference is that in theory Bitcoin could be a store of value, whereas the Tulip was a thing of nature that eventually wilts away. On the other hand, bitcoin is simply lines of code in the blockchain.
  • Bitcoin challenges our traditional beliefs of money and investing. What are any of our assets besides lines of code to us. The only tangible asset I own is real estate which I can actually touch and feel in the material world. Deep thoughts!

Institutional and Big Time Interest

Don’t take our word for it, check out this summary of large investor interest lately:
  • Oct. 27: JPMorgan Chase (JPM) sends its “JPM Coin” digital currency live and forms an Onyx division to focus on the blockchain.
  • Nov. 9: Billionaire investor Stanley Druckenmiller says he owns Bitcoin.
  • Nov. 14: Galaxy Digital announced the acquisition of two companies as it builds out a platform for institutional access to digital assets.
  • Nov. 18: Mexican billionaire Ricardo Salinas Pliego says 10% of his liquid assets are invested in Bitcoin.
  • Dec. 9: Billionaire and hedge fund manager Ray Dalio says Bitcoin has a place in investors’ portfolios.
  • Dec. 12: Insurance firm MassMutual purchases $100 million in Bitcoin

CEO of MicroStrategy Saylor sums it up:

“We find the global acceptance, brand recognition, ecosystem vitality, network dominance, architectural resilience, technical utility, and community ethos of bitcoin to be persuasive evidence of its superiority as an asset class for those seeking a long-term store of value,” Saylor said. “Bitcoin is digital gold — harder, stronger, faster, and smarter than any money that has preceded it.”

Boosts are always evolving

We’ve written about the benefits of the RaiseApp for many months now, but sometimes finding 10% is not easy. If you can use CashApp to get that discount from one of the above vendors, it’s much easier, trust me!

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