Cash App
Square's P2P experiment became Block's consumer bank and America's biggest retail bitcoin on-ramp.
Block's P2P giant; BTC + Lightning.
- Who holds it
- A licensed crypto-asset custodian holds the assets on your behalf — Via Block's bank + BitLicense.
- The ledger
- The custodian’s books, reconciled against on-chain balances.
- If it fails
- Recovery hinges on the custodian’s solvency and how cleanly client assets are segregated.
Derived from Cash App’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | hybrid |
| HQ | Oakland, US |
| Founded | 2013 |
| Custody | Custodial |
| Regulation type | VASP / MSB / crypto licenses |
| License detail | Via Block's bank + BitLicense |
| Card | Visa · Debit |
| Cashback | Boosts |
| Yield | ~4% savings (conditions) |
| Stablecoins | No |
| KYC | Yes |
| Active regions | North America |
| Countries | United States |
| Reported users | 59M transacting actives (2025) |
| Founders | Block (Jack Dorsey) |
| Funding | Public (XYZ) |
| Services | crypto on-ramp · crypto off-ramp · fiat pay-in (bank rails) · fiat pay-out (bank rails) · own IBAN / account no. · virtual cards |
| FX markup | 3% foreign transaction fee; waived on card-present txns for Cash App Green users (2026-07) · source ↗ |
Verified links: official site ↗ · terms ↗ · privacy ↗ · @CashApp ↗
Common questions about Cash App
What is Cash App?
Cash App is a fiat-and-crypto neobank, headquartered in Oakland, US and founded in 2013. Your money is held custodially, so Cash App or its partner bank holds the balance and you hold a claim on it. It holds VASP / MSB / crypto licenses (Via Block's bank + BitLicense).
Does Cash App have a card, and where can you use it?
It issues a Visa debit card. It is available in North America.
Does Cash App require KYC?
Yes. Cash App requires identity verification (KYC) to open an account, as a vasp / msb / crypto licenses.
What does Cash App cost?
From the verified fields: FX abroad — 3% foreign transaction fee; waived on card-present txns for Cash App Green users (as of 2026-07); cashback Boosts; yield ~4% savings (conditions). Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Cash App before relying on them.
Head-to-head
Cash App vs Venmo · Cash App vs Chime · Cash App vs Strike
Peers
Revolut · Mogo · Venmo · Robinhood · Crypto.com · Coinbase Card
Cash App appears in
Neobanks operating under crypto and money-transmitter licenses (25) · Neobanks available in North America (126) · Neobanks that issue a Visa card (182) · Neobanks in United States (66)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.