Cash App

Cash App
Square Cash app logo.svg
Developer(s)Square, Inc.
Operating systemAndroid, iOS
Available inEnglish, French
TypeMobile payment
Websitecash.app

Cash App (formerly known as Square Cash) is a mobile payment service developed by Square, Inc., allowing users to transfer money to one another using a mobile phone app. As of February 18, 2018, the service recorded 7 million active users.[1]

History

In March 2015, Square introduced Square Cash for businesses, which includes the ability for individuals, organizations, and business owners to use a unique username to send and receive money, known as a $cashtag.[2][3]

In January 2018, Cash App expanded to support bitcoin trading.[4][5][6]

Service

The service allows users to request and transfer money to another Cash account via its Cash App or email. Users can then choose to withdraw the money with its debit Visa card, called Cash Card, in ATMs or transfer it to any local bank account.[7][8][9]

The Cash Card is a black, customisable card. Users are asked to sign their name on the mobile app. The signature will then be printed into the card and sent to the user.[10]

Square Cash also introduced their unique username, known as a $cashtag. It allows users to transfer and request money from different users by entering such username.[11][12]

As of March 7, 2018, the Cash App supports ACH direct deposits.[13][14]

References

External links