We've come a long way from written checks and cash! While those forms of payment still exist, many people prioritize more convenient alternatives. Take, for example, Cash App.

This fintech platform is a game-changer in our increasingly cashless society. It allows you to send and receive money using nothing but your smartphone!

This app has been around since 2013. Many competitors offer the same service, but this platform continues to be one of the most popular.

How It Works

Using this platform is a cinch. It starts with an app download. Once you download the app and create your account, you can connect your bank account and start making transactions.

It works like a mobile wallet service. You can transfer funds from your bank account, use it to pay for products or services and send money to others. Not every business will accept the app as a form of payment, but an increasing number of retailers are. You can use it to pay for online orders; some businesses even accept it for in-store purchases.

When sending money to someone else, you only need their phone number or email address. You can also use a special QR generated by the app or their unique username called a "Cashtag." The QR-code method is typically what you see from small businesses that use the app to accept payments from anywhere.

It's a quick and easy process. Your available funds automatically update within the app, and you can transfer that money to your bank account if necessary.

Other Transactions

This app is more than a mobile wallet. That's how it started, but it's expanded to offer many more services.

Within the platform, you can also invest. Buy and sell stock without commission fees. It also allows you to buy, sell, send and receive BitCoin. The crypto offerings are less comprehensive than other platforms, but this app makes it easy to use BitCoin as currency online and in the real world.

The app also has tax-filing features, allowing you to file federal and state returns for free.

Author Resource:-

Emily Clarke writes about cash advances, overdraft protection & finance apps. You can find her thoughts at financial app blog.