Introduce about Cash App
Transfer money and cryptocurrencies, buy and sell stocks neatly in a single app
Why are money transfer apps necessary, but everyone is afraid to use them?
Well, we all want applications related to money management, investment, and the ability to link with a series of banks. But people now are very hesitant, even worried before deciding to download such apps to use. Why?
Because everyone is worried about whether the security is good, the link is safe and reliable. If you are looking to manage your investments and transfers quickly and conveniently without having to worry about privacy factors, then I think you should use Cash App.
What is Cash App?
As the name suggests, Cash App is an application that helps businesses and individuals manage their transactions of money via savings accounts, debit, or credit cards. Cash App was launched in 2013, and so far, has millions of users around the world, receives a lot of positive feedback for the features of the app.
Specifically, that feature range includes:
- Send and receive money by credit card, debit card or savings account for individuals and businesses. The way this feature works on the Cash App is very clear. With money transfer: money available in the account or within the limit will be periodically transferred to different pre-entered accounts. For collective use, paying debts on time or paying employees’ salaries will be very convenient. As for receiving money, after linking the cards with the corresponding bank, every time the money is received, the application will automatically connect and put into the accounts you specified in advance. It will also send detailed notice of each item and monthly report if necessary. Currently, debit cards that are well connected to Cash App include Visa, Mastercard, American Express, and Discover.
- A few years ago, Cash App simply let you transfer (receive and send money). But since last year, it has had a special feature of handling investments.
- Not only cash transactions, but Cash App also allows you to trade cryptocurrencies like Bitcoin, Ethereum… You can sell crypto directly from your Cash App account or you can buy crypto with other Cash App users. The total value of cryptocurrencies traded per week can be up to 10,000 USD and there is no limit to the number of transactions.
- In addition to cash and cryptocurrency transactions, Cash App is also a convenient support tool if you are intending to invest in stocks. You can start with an amount of 1 USD. Cash App’s ability to invest is reliable but it has a limited number of shares. Currently, it only allows investments of fractional shares, which is a suitable form for individuals or organizations with a small amount of money.
- In addition, Cash App also has several extra utilities such as Cash Boosts that helps save money when using a debit account through “increases” and save money on purchases. Cash App also has a policy that allows you to receive a bonus when successfully inviting friends to join, register and use Cash App with your link. You will receive a bonus of 5 USD and the new user will receive 10 USD upon registration.
Friendly and easy-to-use interface
Cash App is easy to use. Everyone must recognize it when looking at the interface and how to conduct transactions in this application. With simple operation, easy-to-see appearance, and an easy-to-understand interface, anyone can use it easily. Moreover, Cash App does not require the recipient to have an intermediary cash App account like many other applications with the same features. As long as you have linked with available bank cards, the money received will run directly to your debit card. The reverse is also true for other recipients if you are sending money.
For every cash deposit via credit card, you will be charged a 3% fee from the sender. With a debit card deposit transaction, there are no fees for both the sender and the receiver. Instant deposits cost 1%-1.5% depending on the geographical location of the linked banks. In case of receiving payment by business account, there will be a fee of 1.5%.
Safety and security, as I have shared from the beginning, is a vital element of an application related to money management. So, in Cash App, how safe and secure is it?
One factor for many people to trust and download Cash App is the reputation of the developer. Cash App is designed by Square Inc., which is famous for software products, high-tech applications with the most advanced security today.
The second factor comes from the core and integration technology itself to create the application. Cash App uses advanced encryption technology, accompanied by fraud detection software. Users can also create an extra layer of protection for themselves by using the Cash App’s Security Lock function, to identify via Face ID or Touch ID on mobile.
Download Cash App APK for Android
With the convenience, friendliness, and ability to integrate many features in one place, along with safety and security from the prestigious name of Square Inc, I think Cash App deserves to be trusted. Have you tried using it yet?