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Cash App

A collection of 2 posts

Jack Dorsey's Block Faces Massive $175 Million Settlement Over Cash App Fraud Issues

Jack Dorsey's Block Faces Massive $175 Million Settlement Over Cash App Fraud Issues

Jack Dorsey’s company, Block, has been slapped with a $175 million settlement related to fraud management failures within its Cash App platform by the Consumer Financial Protection Bureau (CFPB). This action was one of the last major regulatory decisions of the Biden administration, known for its stringent policies in

Cash App Discontinues Bitcoin Peer-to-Peer Transfers

Cash App Discontinues Bitcoin Peer-to-Peer Transfers

In an unexpected move, Cash App, the popular mobile payment platform under Block, Inc., which is owned by Jack Dorsey, has decided to end its peer-to-peer Bitcoin transfer feature using $cashtags by December 20, 2024. This decision follows months of federal investigations into Block's compliance practices, spotlighting the