Square Inc. SQ, -0.64% said Tuesday that it would be making its peer-to-peer Cash app available in the U.K. This marks the first international market for the app. As in the U.S., users will be able to send and receive money for free, and a user's bank will receive British pounds automatically by the end of the next business day. The app will feature "Cashtags," symbolized by the British pound, but users won't be able to buy and sell Bitcoin BTCUSD, +5.75% on the app at launch, as U.S. can do. The Cash debit card also won't be immediately available in the U.K. "Sending and receiving money is where Cash App began, and it's grown into a service with mass appeal in the US as a result of its speed and ease of use," a Square spokesperson said in a statement. "We're excited to bring this to more international markets and today is only the start of what we plan to offer as we continue to empower individuals by providing greater financial access to all." Square shares are down 0.9% in Tuesday trading and up 179% over the past 12 months, compared with a 9.8% gain for the S&P 500 SPX, +0.53%