Cash App is a mobile payment service developed by Block, Inc. (formerly Square, Inc.) that allows users to send, receive, and manage money quickly and easily.
It is widely used for peer-to-peer (P2P) payments, online shopping, and even investing.
Core Features
1. Send and Receive Money:
Users can send and receive money instantly using the app. Transactions are linked to your debit card, bank account, or Cash App balance.
2. Cash Card:
A customizable debit card linked to your Cash App balance. You can use it to make purchases online, in stores, or withdraw cash from ATMs.
3. Investing:
Users can invest in stocks and Bitcoin directly from the app, with no minimum balance required.
4. Direct Deposit:
Allows you to receive paychecks directly into your Cash App account, sometimes even up to two days earlier than traditional banks.