3 Reasons Users Love Square's Cash App

Brett Schafer, The Motley Fool
·4 min read
3 Reasons Users Love Square's Cash App
3 Reasons Users Love Square's Cash App

Square's (NYSE: SQ) Cash App has been on a tear recently. Invented as a competitor to PayPal's (NASDAQ: PYPL) Venmo, it lets users instantly send money directly to people or businesses without using physical cash. The app has been growing quickly, but in the face of stiff competition, what keeps people from defecting to one of the Cash App's rivals?