Alberto Ward

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Cash App is a fast growing peer-to-peer payment service. Cash App generated $385 million in revenue for 2020, a 212 percent increase in revenue over the prior year.

“The Cash App is a relatively efficient way to share money and other features. It's no different than Zelle, Paypal or Venmo," said Ray Kimble, founder and CEO of security firm Kuma LLC.

More and more Americans are using computers and smartphones for our banking needs. About 65 percent of Americans are expected to bank online by 2022. If you're looking for a new payment app, the Cash app may do the trick, but it also has drawbacks. Here's what you need to know about the Cash app before you join.

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