Square Release Latest Version of Square Cash for Easy Money Transfer

August 27, 2014 (Wed): Square yesterday released an updated version of Square Cash, which is added the ability to simply send or request money from everyone in users’ address book using just their phone number (or e-mail address), even if the recipient doesn’t have the app.

According to Square, the free Cash app has been used to send and receive hundreds of millions of dollar within a year after the launch. The majority of people found use it to pay for group vacations, dinner bills, school supplies, meal plans and textbook. The main factors drive the usage of Cash app are no fees charged to the app users and fund can be received by recipients in their bank account within minutes.

Author: Terry KS

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