Does anyone around here use the Square Cash App? If so, could you share your experience? I guess it's like Venmo/Paypal, except they recently started a pilot program to buy/sell bitcoins within their app:
Square announced it's piloting a program that would allow users to buy and sell bitcoin in its app. That could offer substantial revenue potential for Square, plus offer some much needed legitimacy for crypto assets.
https://www.thestreet.com/story/14396689/1/squares-bitcoin-play-could-offer-legitimacy-for-cryptocurrencies.htmlAlso, I'm curious if anyone knows the details regarding verification requirements?
It seems like originally, the service required users to set up a debit card / bank account. Since last year, you can keep a balance in your Cash App wallet instead of withdrawing directly to your bank.
Does anyone know if that means you don't need to set up any payment options (debit or credit card / bank account) at all? Can I just receive $$ to my Cash App wallet and pay it out to someone else? If so, I'm curious what the limits are before you need to verify identity. I can't find this information listed on their site like I can for Venmo...