#PayTech / Data Snacks: Square’s Cash App user, card spending growth

Square’s Cash App is a core part of the payment company’s growth plans. Core to Cash App is peer to peer payment functionality, similar to Venmo and Zelle.

Cash App has emerged to become a major player in bitcoin trading, driving billions of dollars to Square’s top line. 10% of the U.S. population, or 30,000,000, has downloaded Cash App…

Square is turning Cash App into a super app that now includes debit, P2P and investing. As it expands functionality, Square is seeing increased engagement of Cash App users.

https://tearsheet.co/member-exclusive/data-snacks-squares-cash-app-user-card-spending-growth/