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American mobile payment service
Cash App is a digital wallet for American consumers. Launched by Block, Inc., in 2013, it allows users to send, receive, and save money; access debit cards; invest in stocks and bitcoin; apply for personal loans; and file taxes. As of 2024, Cash App reports 57 million users and $283 billion in annual inflows.
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Eligible Cash App users could receive up to $2,500 this month following a $15 million class-action settlement over an alleged 2021 data breach.
More than 2 million payments are being sent out, according to the FTC.
Cash App is handing customers part of a $15 million settl...