Cash App - The easiest way to send/receive, spend, banking, and invest in 2021

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 point-of-sale software and hardware for businesses of all sizes. Since its IPO in November 2015, Square has quickly grown into one of the largest payment processing companies in the United States and has extended its business model beyond payment processing to include scheduling, employee management. and business analysis.

Square launched its Cash App service in 2013 to compete with services like Venmo (owned by Paypal), Apple Pay, and Google Pay. Peer-to-peer payment services allow consumers to use their smartphones to pay for goods and services, pay bills, and transfer money to friends and family. Cash App has extended its functionality beyond a peer-to-peer payment service; Users can also receive direct deposit payments and ACH payments, as well as purchase bitcoin cryptocurrencies through the platform. More recently, Cash App introduced a new feature called Invest. This product allows users to trade stocks without commissions within the app.

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