The role of the app can be broadly categorized into four functions which include receiving, sending, using, and investing money. To accomplish these two functions, you begin by tapping the dollar sign icon beneath the app. In the opinion of Business Insider, the two main functions of the Cash App are getting paid and paying people. This figure shows the increasing confidence of the users on the App.
According to Time, the App, which has been in the market since 2013, has experienced exponential growth raking a gross profit of $385 million in 2020, which is an equivalent of a 212% increase. Cash App is a peer-to-peer online application that allows users to send and receive cash from other users within the scope of their countries.
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