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We are always testing new features in Cash App, and recently began testing the ability to borrow money with about 1,000 customers,” a CashApp spokesperson said in a statement. “We Square has been offering loans to smallbusinesses through its Square Capital arm. Cash App, Square Inc.’s Last week, Square reported $1.92
Peer-to-peer (P2P) payment apps have gained ubiquity over the past decade, supplanting or replacing cash transactions, personal checks or wire transfers for payments between individuals or sometimes even smallbusinesses. It is no wonder that payment apps like CashApp , Venmo and Zelle are used by more than 70 percent of Americans.
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