Since 2009, Square has provided payments for millions of businesses and people all across the world. Square also has a Cash App (launched in October 2013) which includes the ability to buy, sell, and store Bitcoin. If you need a safe way to buy and sell Bitcoin, Cash App gives you that option.
Cash App is available for both personal and business use, and you can set up both a personal and a business account, both of which are linked directly to your bank account.
Cash App also allows you to set up a $Cashtag on your account so that you don't need to provide your name to someone sending you money. Maybe you’d rather not give your full name to the guy who buys your couch off Craigslist. Of course, Cash App doesn't make you 100% anonymous; it is tied to your bank account so Square definitely knows who you are, but I think it is better than either PayPal or Venmo. LifeHacker compared Cash App, Venmo, and PayPal in this 2016 article, stating: "Bottom Line: Venmo for Social Spenders, Square Cash for Anonymous, Simple Transfers, and PayPal for the Most Reach, Currencies, and Options."
If you looking for a way to transfer money among friends and family, or have a small business and want a way to accept electronic payments, then Cash App may be worth considering.
Learn more about getting started with Cash App here.
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