Since then, the $cashtag has become the most popular method for users to transfer money. This allowed individuals, organizations, and business owners to create a unique username to send and receive money, known as a $cashtag. In March 2015, Square introduced Square Cash for businesses. at its launch) on October 15, 2013, under the name "Square Cash". HistoryĬash App was launched by Block, Inc. In September 2021, the service reported 70 million annual transacting users and US$1.8 billion in gross profit. Mobile payment service developed by Block, Inc.Ĭash App (formerly Square Cash) is a mobile payment service available in the United States and the United Kingdom that allows users to transfer money to one another (for a 1.5% fee for immediate transfer) using a mobile phone app.
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