National Cash App Day

A diverse group of people happily using their smartphones, dressed in casual clothing, in various settings like a cafe, park, and office.. — National cash app day illustration

Welcome to National Cash App Day, where we celebrate the wonders of electronic money transfers with a side of digital convenience! Whether you're splitting the bill with friends or paying your babysitter, cash apps have revolutionized the way we handle our finances. So, grab your smartphone and get ready to explore this digital phenomenon!

When is Cash App Day?

It's national cash app day on the 14th July.

The Birth of Cash Apps

Picture this: it's the early 2000s, and you're out with friends at a fancy restaurant, enjoying a scrumptious meal. The bill arrives, and panic sets in as everyone fumbles through their wallets, desperately searching for cash. It's a familiar scenario, right? Well, that's where cash apps come in to save the day!

Back in 2009, a little app called Venmo burst onto the scene, allowing users to send and receive money with a few taps on their phones. No need for cash or checks, just a simple way to settle debts and split expenses. And as the popularity of smartphones skyrocketed, so did the demand for these convenient cash-transferring apps.

The Rise of Digital Payments

With the success of Venmo, other companies rushed to join the digital payment revolution. Names like PayPal, Cash App, and Zelle entered the game, offering their own unique features to attract users. Suddenly, it became effortless to send money to friends, family, and even strangers, all from the comfort of your own phone.

Today, cash apps have become a staple in our lives, allowing us to effortlessly handle financial transactions. Whether it's paying rent, collecting money for a group gift, or even donating to a charitable cause, cash apps have made it easier than ever to manage our money.

Celebrating National Cash App Day

On this special day, we invite you to embrace the convenience and simplicity of cash apps. Take a moment to explore their features, set up your account if you haven't already, and maybe even send a little digital cash to a loved one just because.

So, join us in celebrating National Cash App Day and raise a virtual toast to the power of digital finance!

History behind the term 'Cash App'

2009

Square is founded

In 2009, Jack Dorsey, co-founder of Twitter, founded a mobile payment company called Square. Square aimed to revolutionize electronic payments by allowing anyone with a smartphone or tablet to accept credit card payments. This marked the beginning of a new era in mobile payments.

2013

Introduction of Square Cash

In 2013, Square introduced a new service called Square Cash. At the time, it was a simple peer-to-peer payment app that allowed users to send and receive money from one another using their smartphones. It offered a convenient way for friends and family to settle debts, split bills, or send money for various purposes.

2015

Rebranding as Cash App

In 2015, Square decided to rebrand its Square Cash service, giving it a new name - Cash App. The rebranding aimed to create a more distinctive and catchy name, aligning with the app's core function of easily sending and receiving cash. The new name also helped differentiate it from other services with similar names in the market.

2018

Bitcoin support added

In 2018, Cash App made a significant move by adding support for Bitcoin. This feature allowed users to buy, sell, and hold Bitcoin within the app, further expanding their service offerings. The integration of the popular cryptocurrency provided an innovative option for users looking to dabble in digital assets.

2020

Cash Card launch

In 2020, Cash App launched its own debit card called the Cash Card. This physical card connected to users' Cash App accounts, enabling them to make purchases at traditional brick-and-mortar stores. The Cash Card became a convenient and tangible way for users to access their funds and use their Cash App balance for everyday transactions.