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Cash App (formerly Square Cash) is a digital wallet for American consumers. Launched by Block, Inc. in 2013, it allows users to send, receive or save money, access a debit card, invest in stocks or bitcoin, apply for personal loans, and file taxes. As of 2024, Cash App reports 57 million users and $283 billion in annual inflows. Cash App was launched in 2013 as a person-to-person money transfer service and was called Square Cash. In 2015, the service expanded to support transactions involving businesses. Over time, it introduced additional features, including debit cards, savings accounts, bitcoin and stock investing, tax filing and personal loans, and was rebranded as Cash App. As of 2024, the service operates as a mobile app-based digital wallet, and is the preferred payment app among lower-income adults in the U.S.
Cash App (formerly Square Cash) is a digital wallet for American consumers. Launched by Block, Inc. in 2013, it allows users to send, receive or save money, access a debit card, invest in stocks or bitcoin, apply for personal loans, and file taxes. As of 2024, Cash App reports 57 million users and $283 billion in annual inflows. Cash App was launched in 2013 as a person-to-person money transfer service and was called Square Cash. In 2015, the service expanded to support transactions involving businesses. Over time, it introduced additional features, including debit cards, savings accounts, bi...