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Month: April 2020

Cash App’s Business Model – How Cash App makes money?

Cash App is a peer-to-peer (P2P) payment service owned by Square Inc. (SQ), a leader in the financial technology industry. Cash App is just one part of Square’s business offerings, which also includes software and point-of-sale hardware for businesses of all sizes. Since going public in November 2015, Square has quickly grown into one of the largest payment processing companies in the United States and has expanded its business model beyond payment processing to include scheduling, employee management, and business Read More

Square’s Cash App opens doors for users to receive U.S. coronavirus stimulus funds in their accounts.

The IRS announced Friday that it was launching a tool for eligible U.S. citizens and residents who don’t usually file a tax return to obtain access to government coronavirus-related stimulus funds. Hours after that decision, Square announced that it was adding a feature to allow users to direct those stimulus payments to their Cash App accounts. The IRS tool is being launched on April 17, according to a press release published by the agency., and the U.S. government is expected Read More

Cash App report increased Bitcoin engagement during March

The chief financial officer of Square, on March 24, 2020, has said, although the market is experiencing a lot of turbulence due to the outbreak of coronavirus, Bitcoin is not. The financial officer of Square mentioned that the Cash App which the company has developed for payment services, on that app the engagement of Bitcoin is increasing. Purchasing Volume Of Bitcoin Increases in Q4  According to Square’s report, in the fourth quarter, the purchasing volume of Bitcoin via Cash App was over Read More

Square’s Cash app details on how to use its direct deposit feature to access stimulus funds.

The Square payments platform now encourages users to deposit their COVID-19 stimulus payments through its Cash app for faster and easier access to funds, in case someone doesn’t have access to a traditional bank account. The app has started showing users a popup that explains how to go about depositing payment without having to wait for a paper check in the mail, and a Square spokesperson told The edge that the company is trying to make its deposit function “more accessible,quote; by Read More

Apps like Venmo, Cash, and PayPal are free, but here’s who they are telling your business!

Millions of people have turned to mobile payments on their phones as a way of splitting pizzas, rents and the like, instead of having to pull out cash and pay the old-fashioned way.  Especially during this COVID-19 crisis, many are ditching the use of paper money, which can gather germs, and choosing to pay electronically. Peer-to-peer mobile payments is easier and cleaner than pulling out a credit card, instead, just open the app, choose the person and dollar figure, and click send.  Read More