Cash App

Several states, including Tennessee, have settled with Block (owner of Cash App) over allegations of misleading users about fraud protection and lacking phone support until 2021. Block will pay $45 million and up to $120 million in victim compensation, while improving customer service practices.

Louisiana will receive $557,086.81 from a $45 million multistate settlement with Block, Inc. (Cash App) over allegations the company misled users about platform safety, failed to protect against fraud, and inadequately addressed scamming risks. The settlement, led by Oregon and Texas, resolves claims that Cash App's weak security and policies exposed users to fraud, including fake customer service lines and vulnerable promotions like Cash App Fridays.

Vermont will receive $1.3 million from a multistate settlement with Cash App's parent company Block over allegations the platform failed to protect users from fraud and misled them about security. The $45 million total settlement across 46 states follows a federal $175 million agreement with the Consumer Financial Protection Bureau over similar claims.

Cash App, operated by Block, Inc., agreed to a $45 million settlement with 46 state attorneys general over inadequate account security, deceptive marketing of FDIC insurance, and promotions that facilitated fraud. The states alleged the company delayed implementing customer support until 2021, allowed fake help lines to proliferate, and misled users about safety features.

Cash App’s parent company, Block, agreed to a $45 million multistate settlement over allegations of misleading users about the app’s safety and failing to protect them from fraud. Minnesota will receive approximately $639,000 (1.5% of the settlement), with the company committing to improved customer support and up to $120 million in consumer restitution through the Consumer Financial Protection Bureau.

A scam text mimicking a child's emergency plea ('Hi mom') uses believable scenarios like dropping a phone in a sink to trick parents into texting a new number. Scammers avoid obvious demands for money initially but may later request funds or sensitive information through platforms like Zelle or Venmo.

The individual recovered most of their money (~$1,000) from a Cash App scam but remains out $295 from Apple gift card payments. Apple refused to assist with the loss after their account was hacked. The person acknowledges their luck in recovering most funds and emphasizes the difficulty others face in scam recovery.

A user received an unexpected $75 payment and subsequent refund via Cash App from an unknown source, suspecting a scam. They contacted Cash App's customer service without success and decided to leave the funds in their account.

The user's wife's parents were scammed out of over $5,000 by a mobile home relocation company found on Facebook. They discovered the scam after verifying a fake government document with the actual county office. The family plans to report the fraud and dispute payments through Cash App and their bank.

A user fell for a scam after calling a fake Instagram customer service number. The scammer claimed the user's inactive account was hacked and tricked them into making 'dummy transfers' through a stock app, which later showed as pending. The user now awaits bank clarification and warns about convincing scammers.

Jack Ben Gonzales is accused of scamming victims through a Facebook used car dealership by listing low-priced cars, avoiding VIN and contact information, and demanding untraceable payments. Scammers allegedly use Cargo Velocity Express to demand additional fees and may direct victims to send money to a 'secretary' named Ariella Wilkins.

A user attempted to sell an aquarium setup for $80 on Facebook Marketplace, but encountered a scam involving fake Cash App payment alerts. The scammer sent a text from a random number claiming payment was sent, then restricted the account and demanded an additional $500 to release funds. The user identified red flags like poor grammar, a non-Cash App number, and a suspicious support call, later confirmed by Cash App as a scam.

A Nashville man is living in his car after falling victim to a rental scam where a fraudster collected payments via Zelle and Cash App and vanished. Metro Police report nearly 200 similar cases this year, with scammers using fake listings and leases to exploit renters in the competitive housing market.

A Miami man was arrested after communicating with undercover detectives posing as handlers for underage girls in a child exploitation sting. Kenly Agledor, 33, was charged with promotion or attempted promotion of a sexual performance by a child following his agreement to pay for content involving a purported 15-year-old girl. Authorities identified him via Cash App records and phone data before his arrest during a traffic stop.

Around 22 million teenagers aged 13 to 17 earn money through digital platforms like video game livestreaming, online reselling, and in-game economies such as Roblox. Gen Alpha, the youngest generation, is increasingly entrepreneurial, with aspirations to become YouTubers and TikTok creators, reflecting a shift toward unconventional digital careers.

A study by Edward Jones and Gallup reveals 83% of Americans experience financial stress, with 51% in a 'conflicted middle' group neither in crisis nor confident about finances. High-earning millennials and Gen Zers report anxiety despite stable incomes, citing lifestyle costs and emotional ties to past financial struggles.

A 19-year-old Miami-Dade woman was arrested after threatening a driver with a firearm following a crash, demanding $50 via Cash App. Authorities used Tesla video footage to locate her near the scene, and she was charged with attempted strong-arm robbery and leaving the scene of a crash.

A 19-year-old Miami-Dade woman, Olivia Rios-Papillo, threatened to shoot a man and demanded $50 via Cash App after a car crash on Kendall Drive, leading to her arrest on charges including strong-armed robbery and aggravated assault. Florida Highway Patrol troopers apprehended her after reviewing Tesla camera footage that captured the incident.

An immigration lawyer in South Florida, Ángel Leal, is being impersonated via AI-generated videos on social media to scam immigrants into paying for fake legal services. Criminals use manipulated content to lure victims into transferring money through platforms like WhatsApp, Zelle, and Venmo, leading to financial losses and deportation risks. Leal has partnered with a digital piracy company to remove 6,454 fake profiles and advises verifying legal services directly with his office.

Jack Dorsey’s contactless payments company launched a device resembling a sparkly wand with an embedded chip for in-store payments. The device allows customers to pay for items similarly to using a plastic card or mobile phone.

Cash App is launching the Cash App Wand, an NFC-enabled, star-topped wand that allows users to make contactless payments without using their phone or card. The product draws inspiration from a DIY trend on social media where people create creative cases for contactless payment cards, with magic wands being a popular design due to their convenience for drive-thru payments.

Cash App has introduced a star-shaped, NFC-enabled wand for contactless payments at terminals. This device is the first in a series of tap-to-pay hardware products from the company.

Cash App is launching a wand for tap-and-pay functionality and plans to introduce additional tap-to-pay tags.

Cash App now allows users to send USDC stablecoins on blockchain networks including Solana, Ethereum, Polygon, and Arbitrum. Despite this expansion, Cash App executive Miles Suter emphasized the company's continued focus on Bitcoin.

Cash App has expanded its services to include stablecoin transactions on Ethereum and Solana networks, moving beyond its Bitcoin-centric origins. The move comes despite criticism from Bitcoin maximalist Jack Dorsey, who expressed concerns about the platform's 'gatekeeper' role.

Block, the parent company of Cash App, has initiated a phased rollout of its stablecoin feature to its nearly 60 million users. The move aims to expand access to cryptocurrency services through a structured implementation process.

Square has crossed 1 million Bitcoin-enabled merchants, with auto-enrollment beginning on March 30, and is expanding its push to make bitcoin usable as everyday money. The company is rolling out a tap-to-pay BTC feature and integrating bitcoin across its ecosystem. Block's Q1 2026 proof-of-reserves report shows holdings of 28,355.05 BTC worth roughly $2.2 billion.

The author uses Cash App for weekly buys and is surprised by how quickly it adds up. They ask if others would stay with Cash App or switch to another platform when free withdrawal becomes available. The author mentions that some people think Cash App is trash.

Block Inc's Q1 earnings exceeded estimates despite a 26% decline in Bitcoin revenue due to changing trading dynamics and reduced fees on Cash App transactions, resulting in an 8% stock rise. The company's earnings surprise came as a positive sign. Block Inc's performance was notable given the Bitcoin dip.

Dorsey's Block raised its full-year guidance after a strong Q1, despite recording a $173 million bitcoin remeasurement loss. Cash App's bitcoin business was down 31% year-over-year. Square reported a negligible gross profit impact from crypto.

The article discusses the practicality of using Bitcoin and Lightning payments at real stores through Square. The author is curious about the experience of using these payment methods in the real world. They ask if merchants usually know they have it enabled and if customers can pay instantly.

Block (XYZ) announced 800,000 Square merchants now accept Bitcoin payments, emphasizing Bitcoin as 'everyday money.' The company introduced new features like tap-to-pay via the Lightning Network and expanded Cash App's Bitcoin capabilities, including auto-conversion and higher withdrawal limits.

Bitcoin's Lightning Network is enabling real-time iGaming payouts, offering faster, cheaper transactions compared to traditional methods. A Voltage report highlights a pilot with 88.2 BTC processed in 237,000 payments at 99.94% success, underscoring Lightning's potential as Bitcoin's second layer for gambling.

Block (NYSE: XYZ) introduced Bitcoin-focused products including the Bitkey hardware wallet, expanded Cash App features for Bitcoin accumulation and spending, and a Proof of Reserves system. The updates aim to enhance custody, payments, and financial infrastructure across its ecosystem.

Cash App has introduced support for accounts tailored for children aged 6 to 12, expanding its financial services to younger users. This move aims to provide parents with tools to manage their children's financial activities.

Block’s Cash App has introduced managed savings accounts for young children, featuring high-yield interest rates. However, these accounts exclude access to Bitcoin and other cryptocurrency features available in the standard app.

Cash App, owned by Block (formerly Square) and led by Jack Dorsey, is expanding its youth-focused financial services to target children aged 6-12, following existing offerings for teenagers. The move aims to cultivate young users for future financial engagement.