How to receive money on Cash App by requesting or accepting payments

friends eating at restaurant looking at smartphone
With Cash App, you can quickly send money to friends, like when you need to split a check.

  • You can receive money on Cash App by accepting a payment or sending a request.
  • To get money from Cash App to your bank account, you need to “Cash Out.”
  • Before you can start, you need to have your bank account linked to the app.
  • Visit Insider’s Tech Reference library for more stories.

Square’s Cash App is a mobile peer-to-peer payment app, like Venmo, that allows you to transfer money to family and friends without even having to be in the same room.

Cash App makes it convenient to split things with friends, too, from pizzas to hotel rooms.

Receiving money on Cash App is as simple as sending a request, or approving a payment. You just need to link your bank account to the app so you can get your money right away, or “cash out.”

Here’s what you need to know.

How to change your Cash App PIN on an Android or iPhoneHow to increase your Cash App transaction limit by verifying your accountHow to receive money on Venmo and transfer funds to a connected bank account‘Can you send money from PayPal to Cash App?’: Not directly, but you can use your bank account – here’s how

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How to send money on Cash App on your iPhone or Android

customer on smartphone at cafe
Cash App makes it easy to send money no matter where you are.

  • You can send money on the Cash App if you know the recipient’s phone number, email, or $cashtag.
  • To use Cash App and send payments, you need to first link your bank account to the app.
  • When you allow Cash App to access your contact list, it’s even easier to find friends or family.
  • Visit Insider’s Tech Reference library for more stories.

Cash App, similar to Venmo, is a simple smartphone app that lets users transfer funds to friends or family with just a few taps.

Once you’ve linked an active bank account, you can begin sending, receiving, and requesting money on the app. Here’s how to use Cash App to send money.

How to receive money from Cash App in 2 different ways‘Can you send money from PayPal to Cash App?’: Not directly, but you can use your bank account – here’s howHow to change your Cash App PIN on an Android or iPhoneHow to increase your Cash App transaction limit by verifying your account

Read the original article on Business Insider

Bitcoin surges back above $51,000 after Square’s $170 million investment, Cathie Wood’s positive comments

A multiple exposure image shows a Bitcoin logo displayed on a smartphone with stock market percentages in the background
A multiple exposure image shows a Bitcoin logo displayed on a smartphone with stock market percentages in the background

Bitcoin rebounded on Wednesday, climbing back above the $50,000-level after a sharp selloff to start the week. 

The world’s largest cryptocurrency by market capitalization jumped Wednesday on news that payment firm Square purchased an additional $170 million worth of bitcoin, as well as Ark Investment Management CEO Cathie Wood’s bullish comment on the digital token.

Bitcoin around 4AM ET on Wednesday jumped 7.5% to a price of $50,683, according to data from Coin Metrics. It edged even higher to $51,369 hours earlier. Other cryptocurrencies from ether to XRP were also up early on Wednesday.

As of 8:42AM ET, bitcoin was trading higher by 1.47%, to $49,536.87.

Bitcoin plunged on Monday and Tuesday, tumbling to as low as $45,000. But bitcoin advocates such as Wood told Bloomberg Radio that she remains bullish on the digital asset.

“We’re very positive on bitcoin,” she said, adding she was “very happy to see a healthy correction here. No market is straight up. Everyone should know that.”

Meanwhile, Square during its earnings call on Tuesday announced that it purchased 3,318 bitcoins at an aggregate purchase price of $170 million. Bitcoin now represents about 5% of the company’s total cash, cash equivalents, and marketable securities as of the end of last year. Square in October 2020 purchased 4,709 bitcoins for $50 million.

“The investment is part of Square’s ongoing commitment to bitcoin, and the company plans to assess its aggregate investment in bitcoin relative to its other investments on an ongoing basis,” the company said.

Like Wood, bitcoin bulls remain unfazed by the cryptocurrency’s price fluctuations.

“We may be seeing some price fluctuations that can be expected in a nascent space,” Paolo Ardoino, Bitfinex CTO, told Insider. “Such criticism misses the point and the profound impact it is starting to have. For many of the battle-tested exchanges that have weathered the market fluctuations, volatility isn’t new and is to be expected in such a young market.”

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