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Square's Cash app now supports direct deposits for paychecks
Square's Cash app now supports direct deposits for paychecks, which means it's one step closer to becoming a fully functional bank account, without actually being a bank account. Users just need to give their employer their account and routing number (found in Cash settings), and the app will notify them when a deposit hits their account. The funds are added to their regular Cash balance and can be spent via debit card, sent to a friend, put into another account or even used to buy bitcoin.
Square Cash now allows anyone to buy and sell bitcoin
Square's Cash App has been helping people send and receive money without fees for a while now. Originally an money-by-email service, Cash App has grown into a more robust offering with its own prepaid Visa card. The company has been testing buying and selling Bitcoin via the app, as well, and has finally made it official.
