Cash App Borrow has a “historic loss rate” of less than 3%, according to Block. Customer eligibility and borrowing limits are ...

Today, 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 ...

In addition, Cash App now supports contactless payment between Cash App and the Square mobile card reader. It lets you scan a QR code at a Square seller’s point of sale device, making payments a ...

Block (XYZ) announced its industrial bank, Square Financial Services, has received approval from the Federal Deposit Insurance Corporation to ...

Further, the ability to monetize this platform may be somewhat limited, as Square does not charge for person-to-person payments and only benefits when consumers use the funds within their Cash App ...

Block started out with Square, but Cash App has become a prime driver for the company. Block expects to see a “unique” growth opportunity for Cash App when it comes to Cash App Borrow and Afterpay, a ...