Tagged: cash app

August 6, 2026 @ 10:55 am By Omar Faridi  |  

Block (NYSE: XYZ), the payments and financial services company founded by billionaire tech entrepreneur Jack Dorsey, disclosed second-quarter 2026 results showing a clear contraction in profitability from its Bitcoin-related activities. Bitcoin Ecosystem gross profit fell 31 percent compared with the same period a year earlier,… Read More

July 10, 2026 @ 6:51 am By Omar Faridi  |  

Fintech firm Block Inc. (NYSE: XYZ), the company behind the popular peer-to-peer payment platform Cash App, has agreed to pay $45 million and implement significant operational changes to resolve a multistate investigation. Attorneys general from 46 US states accused the firm of misleading consumers about… Read More

July 6, 2026 @ 5:12 am By Tony Zerucha  |  

A new report from Onbe and NRG illustrates how consumer preferences for how they receive corporate payouts have changed in the digital age. 2026 Payouts Landscape: How mobile-first behavior is rewiring consumer expectations for corporate payouts is available here. Roughly 89% of consumers prefer digital… Read More

April 28, 2026 @ 5:55 pm By Omar Faridi  |  

Block Inc.,(NYSE: XYZ), the financial technology firm behind Square and Cash App and closely associated with Jack Dorsey, has unveiled its latest proof-of-reserves disclosure for the first quarter of 2026. This announcement spotlights the company’s substantial Bitcoin position, which stands at a total of 28,355… Read More

April 10, 2026 @ 12:48 am By Omar Faridi  |  

Cash App has introduced a new capability that lets customers transform their peer-to-peer money transfers into structured installment plans. Rather than settling the full amount in a single transaction, users can now spread the payment over several weeks or months, turning what was once an… Read More

May 3, 2025 @ 8:13 am By Omar Faridi  |  

Block, Inc. (NYSE: XYZ), the fintech behind Square, Cash App, and Afterpay, released its first-quarter 2025 financial results on May 1, 2025, revealing a mixed performance shaped by macroeconomic challenges. While Block achieved notable profitability milestones, weaker-than-expected revenue and cautious guidance sparked investor concerns, leading… Read More

March 25, 2025 @ 4:39 pm By Omar Faridi  |  

Eligible Cash App customers will begin to have access to Afterpay’s pay over time products when shopping online at partner merchant sites. In recognition of this change, Cash App and Afterpay, part of Block, Inc. (NYSE: XYZ), have debuted an evolved brand, Cash App Afterpay,… Read More

March 18, 2025 @ 2:13 am By Omar Faridi  |  

Block, Inc. (NYSE: XYZ) announced its industrial bank, Square Financial Services, Inc. (SFS), has received approval from the Federal Deposit Insurance Corporation (FDIC) to begin offering the consumer loan product Cash App Borrow. SFS is an independently governed subsidiary of Block, Inc., headquartered in Salt… Read More

October 21, 2024 @ 9:21 pm By Omar Faridi  |  

Cash App and Lyft are partnering to give digital-first consumers more flexibility when taking a ride. This collaboration puts the accessibility of paying with Cash App Pay front and center, focusing on the preferences of the tech-savvy customers. With an integrated Cash App Pay partnership,… Read More

July 20, 2024 @ 11:33 am By Omar Faridi  |  

Cash App announces its integration with Google Play, giving consumers an alternative payment option when checking out on their Android smartphones or tablets. This partnership represents an opportunity to engage with a broad range of consumers, particularly in the gaming space. Pete Albers, Director of… Read More

May 2, 2024 @ 4:13 pm By JD Alois  |  

Block (NASDAQ:SQ), founded by Twitter (X) creator Jack Dorsey, is being scrutinized by federal prosecutors for allegedly facilitating illicit transactions. The report was first covered by NBC.com. Blcok operates the popular e-commerce platform Square as well as the P2P transfers platform CashApp. According to the… Read More

June 1, 2023 @ 1:07 pm By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has issued a statement that “billions” of dollars held on payment Apps may not possess federal insurance. The CFPB said these funds may not be safe during times of “financial stress,” alluding to the recent banking crisis. Rohit Chopra,… Read More

March 23, 2023 @ 9:13 am By JD Alois  |  

Shares of Block (NYSE:SQ), formerly Square, are plunging in pre-market trading following the release of a report by Hindenburg Research, a noted short seller. Hindenburg is not kind in its assessment of the Fintech, stating their 2-year investigation has concluded that Block has taken advantage… Read More

March 5, 2023 @ 8:05 pm By Omar Faridi  |  

TaxBit, the tax and accounting provider for digital assets, announced it has been selected by Cash App in order “to help provide the necessary crypto tax forms to the 10+ million Cash App users who have bought or held Bitcoin since 2019.” Lindsey Argalas, COO… Read More

February 24, 2023 @ 9:13 am By Omar Faridi  |  

Block, Inc. (NYSE: SQ) has posted its results for the fourth quarter and full year of 2022. The Fintech reports that total net revenue was $4.65 billion in the fourth quarter of 2022, up 14% year over year. Excluding Bitcoin revenue, revenue in the fourth… Read More

September 18, 2022 @ 8:50 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform of “choice” for large businesses, has teamed up with Cash App (Block, Inc.) to offer Cash App Pay, “a mobile payment method, to Adyen’s U.S. customers.” Businesses working with Adyen will “have access to Cash App Pay… Read More

June 21, 2022 @ 7:46 am By Omar Faridi  |  

  Deloitte reportedly has the highest number of open positions with 144 crypto-related vacancies in the last seven days, “followed by ex-Twitter CEO Jack Dorsey’s Block (formerly Square) and Cash App with 59 and 24 new crypto-related roles in the last seven days, respectively,” according… Read More

April 6, 2022 @ 9:01 am By JD Alois  |  

In a filing with the Securities and Exchange Commission (SEC) Block (NYSE:SQ), formerly Square, has acknowledged a breach of information that involved users which took place in December of last year. The company states that it is contacting around 8.2 million current and former customers… Read More

September 14, 2021 @ 6:11 pm By Omar Faridi  |  

Square (NYSE:SQ) sellers may now start taking payments via Cash App Pay, which is a contactless payment option for carrying out in-person and online transfers. With Cash App Pay, clients are able to easily make payments with their Cash App account at participating Square sellers…. Read More

June 23, 2021 @ 3:50 pm By Tony Zerucha  |  

Details of an analysis revealed this week by the United States Public Interest Research Group USPIRG) show complaints about peer-to-peer payment apps have grown during the COVID-19 pandemic. Virtual Wallets, Real Complaints analyzed data from the Consumer Financial Protection Bureau’s (CFPB’s) Consumer Complaint Database. In… Read More