Cash App – Your Go-To Money Transfer & Trading App.

Cash App is a famous American company that provides various services like mobile payment, crypto exchange, stock trading, etc. It got developed by Square, Inc. in 2013, and its market capitalization is $117 billion. They also added a unique feature to cater the teenagers between the ages of 13 to 17. Cash App is 100% free for Android and iOS users.

By Michael Brown Jan 13 2022 12:46PM 3231 Read
Cash App Story – The Promising Money Transfer and Crypto Exchange App

Cash App, previously known as Square Cash, is a famous American company that provides various services like mobile payment, crypto exchange, stock trading, etc. It got developed by Square, Inc. in 2013, and its market capitalization is $117 billion (as of November 2021). Cash App has recently introduced bitcoin trading on its platform, and it is gaining popularity very rapidly. Cash App has generated a gross profit of more than $1.8 billion. So, let us dive into this article to read this magnanimous American company's journey and success story.

Note - Cash App provide services in US and UK as of now, and it has reported over 70 million annual users as of Q3 of 2021.

Cash App – Key Highlights

  • Company Name – Cash App
  • Founded – October 2013
  • Industry – Software, Money Transfer, Cryptocurrency
  • Developer – Square, Inc.
  • Operating System – Android, iOS
  • Languages available – English, French
  • Type – Mobile Payment
  • Website –

Cash App – Brand Name and Logo

  • Brand Name – The company's brand name denotes its work. It is the most appropriate name for the company, and it clearly defines their job.
  • Logo – The company's logo is bright green with a dollar sign made. The green color makes the logo catchy, and the simplistic design makes it unique.

Cash App – Developer & New Additions

Cash App got founded in October 2013 by Square, Inc, 'Square Cash.' They introduced the money transfer feature in the app in 2015, and since then, it has become one of the most famous means to transfer money. Some of the other new additions to the app are as follows:

  • Cash App started support for bitcoin trading in January 2018. It has become a prevalent platform for crypto exchange since then.
  • It also added support for stock trading for its US customers in October 2019.
  • They also made Credit Karma Tax as a part of their unit for $50 million. It is a free tax-filing service that customers can do themselves.

Cash App – Business Model

Cash App is 100% free for both android and iOS users, and users can download it from Apple App Store, Google Play Store, and other platforms. Since the app is free, so the company earns through the various services provided by them. On the other hand, Cash App charges a nominal fee from its users for any service other than standard money transfer.

Cash App – Revenue Model

Cash App earns revenue when the suers withdraw money from the app to their bank accounts. They also charge money when the users do not have a direct deposit account with the app. In addition, the company's revenue gets generated from the service they provide them during the buying and selling of bitcoins.

Cash App also gives loans to its users, and they charge interest over those loan amounts.

Cash App – Services

Cash App provides various kinds of services to its customers. Some of it is as follows:

  • Banking – This service by the company allows its customers to send, store, and receive money from other individuals. They can also transfer money to any bank account, and they can also spend their money using Cash Card at any retailer. They also supported ACH (Automatic Clearing House) direct deposits since March 2018.
  • Cryptocurrency – The company has recently started the cryptocurrency exchange on its platform. It is a significant step towards diversifying the company in the crypto field. Users can buy, sell, and send bitcoins to other people through the app. They can also withdraw it to an external wallet. Unlike other crypto exchange apps, the Cash App also allows the direct buying and selling of bitcoin (without any confirmation on the blockchain).
  • Investing – Cash App allows its users to trade stocks on its platform for US residents only. They can buy and sell stocks with a minimum of $1 of most publicly traded companies.
  • Money Transfer – This feature allows the users to transfer money via the phone number, $cashtag, and email. Unverified accounts can receive $1,000 per week and send $250 per week, but verified charges can send up to $7,500 per week, and the receiving limit is unlimited.

Cash App – Competitors

Some of the top competitors of the company are as follows:

  • PayPal
  • Coinbase
  • Google Pay
  • Binance
  • Zelle
  • Kraken

Cash App – For Teenagers

Cash App also added a unique feature to cater the teenagers between the ages 13 to 17. It was previously only for adults (18 years and above). As a result, teenagers will only require their parents or guardians to approve their accounts, and the teens will not have access to stock trading or bitcoin until they turn 18 years.

It is one of the company's most unique and significant initiatives to involve the younger generation. It will give them a piece of good knowledge about the natural world and they will much aware about all these things when they turn 18.

Michael Brown
Michael Brown View More Posts

I like to write about technology, finance, business, and entertainment. I like to meet people and love to explore niches over different fields. I’m currently a marketing head at an Australian MNC in the digital department and want to travel the world, especially Antarctica.

2 Comment


Hey, This is a great app to use. I want to use this app for online transactions and tax filing. Where can I read more about it?


Recently, I found a website on cash app apk to download the secured version of the app. Should I use that website? Please guide.

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