At Cash App, the goal is to bring together financial services, community-based peer-to-peer (P2P) transactions and commerce to “reinvent banking for our customers,” Jack Dorsey, co-founder of Block, which owns Cash App, said in November.“Our goal now is to win more of the banking use case relationship with our existing customers — ultimately getting to direct deposit and winning a majority of their direct deposit, which indicates they are seeing this as a financial home for them,” Dorsey
said.https://www.pymnts.com/digital-first-banking/2024/cash-app-launches-offer-of-up-to-4-5-interest-on-savings/
Wonder how many of Cash Apps 80M annual actives will decide to direct deposit their salary into Cash App attracted by a 4.5% interest rate and start using Cash App like their main bank account
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At Cash App, the goal is to bring together financial services,...
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