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Cash App like every other payment app like Zelle, Venmo, PayPal is used for the sending and receiving of money between peers, relations, and business partners. It was launched about a decade ago but has grown over the years having millions of users.
One reason for this could be ascribed to how easy it is to use and check your balance on Cash App. As it grows, however, more upgrades are carried out hence the introduction of trade and investment in stock and Bitcoin as well as Bitcoin withdrawals and Direct Deposit.