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 known as Moneybot that may reply questions on spending patterns and earnings, and supply insights for sustaining financial savings and setting apart cash for investments.

The chatbot shall be out there to pick out customers at launch, with broader availability deliberate for the approaching months. Customers can ask questions like “Are you able to present me my month-to-month earnings, bills, and spending patterns?” to get stories about their accounts. The bot additionally surfaces recommendations for actions like splitting a invoice, checking a bitcoin steadiness, or requesting cash from somebody.

“Customers at this time are given a number of information round their monetary transactions and account balances, however Moneybot takes it a step additional by serving to to show these insights into motion. No two monetary journeys are the identical, so we’ve constructed Moneybot to be taught every buyer’s habits and tailor its recommendations in real-time,” Cameron Worboys, head of product design at Money App, stated in a press release.

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 resolution for retailers to simply obtain the cryptocurrency right into a pockets. Clients can now uncover locations that settle for Bitcoin by means of 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 high of Bitcoin, to facilitate transactions through QR codes.

The corporate stated that quickly it’s going to additionally enable some clients to ship and obtain stablecoins by means of the app.

Block can also be altering the advantages construction for Money App clients. Beforehand, clients who had direct deposits of no less than $300 per 30 days certified for advantages like a 3.5% yield. Now, the corporate is beginning a brand new program known as Money App Inexperienced, the place customers who both spend $500 or extra per 30 days by means of the Money App Card or Money App Pay, or obtain deposits or no less than $300, qualify for advantages.

These advantages will embody 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 proportion yield (APY) on financial savings balances; and 5 custom-made weekly presents at totally different shops.

Block stated that this new program will make as much as 8 million accounts eligible for advantages beneath the Money App Inexperienced program.

The corporate can also be providing a 3.5% APY for teen accounts with none steadiness limits. Different options on this launch embody 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 with no need a separate login.