Money App launched a slate of recent options as a part of its fall replace, together with an AI chatbot that may reply questions on customers’ funds, a brand new advantages program, and the power to find locations that settle for Bitcoin funds and make Bitcoin funds utilizing USD.
The corporate is launching an assistant referred to as Moneybot that may reply questions on spending patterns and revenue, and supply insights for sustaining financial savings and setting apart cash for investments.
The chatbot will likely be obtainable to pick out customers at launch, with broader availability deliberate for the approaching months. Customers can ask questions like “Can you show me my monthly income, expenses, and spending patterns?” to get studies about their accounts. The bot additionally surfaces solutions for actions like splitting a invoice, checking a bitcoin stability, or requesting cash from somebody.
“Consumers today are given a host of data around their financial transactions and account balances, but Moneybot takes it a step further by helping to turn those insights into action. No two financial journeys are the same, so we’ve built Moneybot to learn each customer’s habits and tailor its suggestions in real-time,” Cameron Worboys, head of product design at Money App, stated in an announcement.
Jack Dorsey-led Block, which owns Money App and Sq., has been creating new methods to advertise Bitcoin funds. Final month, it launched an built-in Bitcoin answer for retailers to simply obtain the cryptocurrency right into a pockets. Prospects can now uncover locations that settle for Bitcoin by a brand new map and use USD to pay in cryptocurrency with out holding it. The corporate stated it makes use of the Lightning Community, a layer-2 fee community constructed on prime of Bitcoin, to facilitate transactions by way of QR codes.
The corporate stated that quickly it’ll additionally enable some prospects to ship and obtain stablecoins by the app.
Block can be altering the advantages construction for Money App prospects. Beforehand, prospects who had direct deposits of a minimum of $300 per 30 days certified for advantages like a 3.5% yield. Now, the corporate is beginning a brand new program referred to as Money App Inexperienced, the place customers who both spend $500 or extra per 30 days by the Money App Card or Money App Pay, or obtain deposits or a minimum of $300, qualify for advantages.
Techcrunch occasion
San Francisco
|
October 13-15, 2026
These advantages will embrace the next borrowing restrict — as much as $400 for first-time debtors and a restrict enhance of as much as $300 for others; free overdraft protection of as much as $200 for Money App Card transactions; free in-network ATM withdrawals; as much as 3.5% annual share yield (APY) on financial savings balances; and 5 custom-made weekly gives at totally different shops.
Block stated that this new program will make as much as 8 million accounts eligible for advantages underneath the Money App Inexperienced program.
The corporate can be providing a 3.5% APY for teen accounts with none stability limits. Different options on this launch embrace growth of the Money App Borrow product to 48 states, and entry to some Afterpay purchase now pay later (BNPL) companies and options throughout the Money App while not having a separate login.
