Startups

Cash App is giving away $20000 for Black Friday – #CashAppBlackFriday. – TechStartups.com


Cash App, a mobile payment service developed by Square, announced today on social media that its giving away $20,000 for Black Friday. “We’re giving away $20,000 for #CashAppBlackFriday. To enter, RT this with your $cashtag. You could win $100, $250, or $500. Tag a shopaholic for good luck. Must follow  @CashApp to qualify. No purchase necessary. Void where prohibited. Rules: http://bit.ly/2L3Aet6,” Cash App said in a tweet.

A few hours after the announcement, the tweet went viral and started trending on Twitter with over
52, 400 tweets for #CashAppBlackFriday. As of the time of writing, the video clip has received more than 2.2 million views on Twitter.

Launched in 2015, Cash App allows users to transfer money to one another using a mobile phone app. As of February 18, 2018, the service recorded 7 million active users.  The service allows users to request and transfer money to another Cash account via its Cash App or email. Users can then choose to withdraw the money with its debit Visa card, called Cash Card, in ATMs or transfer it to any local bank account.

The Cash Card is a black, customisable card. Users are asked to sign their name on the mobile app. The signature will then be printed into the card and sent to the user. Square Cash also introduced their unique username, known as a $cashtag. It allows users to transfer and request money from different users by entering such username. As of March 7, 2018, the Cash App supports ACH direct deposits.






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