What is Cash App?
Cash App is a popular peer-to-peer payment app developed by Square, Inc. It allows users to securely send, spend, save, and invest money from their mobile devices. The app has over 40 million monthly active users.
Some key features of Cash App include:
- Instant money transfers using a phone number or $cashtag
- No fees for peer-to-peer payments made with a debit card or bank account
- Option to link a bank account or debit card to instantly deposit or withdraw money
- Ability to buy, sell and invest in stocks and Bitcoin from within the app
- Direct deposit for paychecks or tax returns
Cash App makes it easy to split bills, pay friends and family back, and safely send money remotely from a mobile device. It offers user-friendly design and instant transfers to appeal to a younger demographic. The app also encourages frequent engagement through investing and Bitcoin features.