Difference between revisions of "Cash App"
Line 4: | Line 4: | ||
==History== | ==History== | ||
===App development=== | ===App development=== | ||
+ | When it initially launched in 2013, Cash App solely served as a P2P payments service.<ref name="ratings" /> In 2017, the Cash Card, which functions as a Visa debit card, was released by Cash App. <ref name="cnbc-cash-card">Salinas, S. (2017, November 16). ''Square Cash users can now withdraw money from any ATM with their Cash Cards''. CNBC. Retrieved January 24, 2022, from https://www.cnbc.com/2017/11/16/square-cash-atm-withdrawal-enabled-for-cash-app-users.html</ref> In the same year, Cash App also introduced a new service that allowed Bitcoin to be traded.<ref name="hiphop-40" /> Cash App additionally developed the ability to trade stocks in late 2019.<ref name="trading-launch">Rooney, K. (2019, October 24). ''Square launches stock trading on its popular Cash App''. CNBC. Retrieved February 10, 2022, from https://www.cnbc.com/2019/10/24/square-launches-stock-trading-on-its-popular-cash-app.html</ref> | ||
+ | |||
===Growth and giveaways=== | ===Growth and giveaways=== | ||
Revision as of 19:07, 11 February 2022
Cash App, a subsidiary of Block, Inc. (formerly known as Square, Inc.), is a mobile app launched in 2013 as a peer-to-peer (P2P) payments service.[1] Since its inception, Cash App has expanded to provide banking and brokerage services.[2] The app, which is only available in the United States and the United Kingdom, can be downloaded for free through the Google Play Store and App Store on the Android and iOS mobile operating systems, respectively.[3][4] With its power to simplify payments and personal finance, Cash App is an incredibly popular platform with millions of users at its disposal.[2][5] Nevertheless, concerns regarding its use in illicit activity and the app’s data policy remain.[6][7]
History
App development
When it initially launched in 2013, Cash App solely served as a P2P payments service.[3] In 2017, the Cash Card, which functions as a Visa debit card, was released by Cash App. [8] In the same year, Cash App also introduced a new service that allowed Bitcoin to be traded.[9] Cash App additionally developed the ability to trade stocks in late 2019.[10]
Growth and giveaways
App features
$Cashtag
P2P payments
Cash Card
Direct Deposit
Investing
Competitors
Venmo
PayPal
Zelle
Apple Cash
Ethical concerns
Criminal activity
Fake goods and services
Flipping fraud
COVID-19 relief fraud
Drug dealing
Third-party data sharing
See Also
References
- ↑ Hale, K. (2020, September 22). Hip-hop's role in Square's $40 billion Cash App business success. Forbes. Retrieved January 24, 2022, from https://www.forbes.com/sites/korihale/2020/09/22/hip-hops-role-in-squares-40-billion-cash-app-business-success
- ↑ 2.0 2.1 Cash App. (n.d.). The easiest way to send, spend, bank, and invest. Cash App. Retrieved January 25, 2022, from https://cash.app
- ↑ 3.0 3.1 Graham, J. (2020, March 26). PayPal, Venmo, Apple Pay, Google and Facebook: rating the mobile payment apps. USA Today. Retrieved January 24, 2022, from https://www.usatoday.com/story/tech/2020/03/25/rating-paypal-venmo-apple-cash-facebook-google-zelle/5005537002
- ↑ Cash App. (n.d.). International payments. Cash App. Retrieved February 9, 2022, from https://cash.app/help/us/en-us/3056-sent-payments-international
- ↑ Levy, A. (2021, September 20). Don't look now: Square's Cash App is almost as big as Venmo. Nasdaq. Retrieved January 24, 2022, from https://www.nasdaq.com/articles/dont-look-now%3A-squares-cash-app-is-almost-as-big-as-venmo-2021-09-20
- ↑ Graham, J. (2020, March 29). Apps like Venmo, Cash and PayPal are free, but here's who they are telling your business. USA Today. Retrieved January 24, 2022, from https://www.usatoday.com/story/tech/2020/03/25/how-private-is-your-paypal-venmo-cash-app-mobile-pay-data/5002726002
- ↑ Zamost, S., Tausche, K., & Hernandez, K. (2020, November 18). Criminals launder coronavirus relief money, exploit victims through popular apps. CNBC. Retrieved January 25, 2022, from https://www.cnbc.com/2020/11/18/criminals-launder-coronavirus-relief-money-exploit-victims-through-popular-apps.html
- ↑ Salinas, S. (2017, November 16). Square Cash users can now withdraw money from any ATM with their Cash Cards. CNBC. Retrieved January 24, 2022, from https://www.cnbc.com/2017/11/16/square-cash-atm-withdrawal-enabled-for-cash-app-users.html
- ↑ Cite error: Invalid
<ref>
tag; no text was provided for refs namedhiphop-40
- ↑ Rooney, K. (2019, October 24). Square launches stock trading on its popular Cash App. CNBC. Retrieved February 10, 2022, from https://www.cnbc.com/2019/10/24/square-launches-stock-trading-on-its-popular-cash-app.html