This story was originally published and last updated .
Paying and getting paid is easier than ever, but the various apps you can choose to transact with have their upsides and downsides. Picking one can be difficult, and signing up for all of them even more so — especially when it often means convincing friends and family to do so as well. But old school bank ACH transfer tools are for the birds, and cold, hard cash remains a dicey proposition in the current environment. Splitting the bill with cash is also just a pain, and newer peer to peer (P2P) payment apps are so much more convenient that it's truly silly in 2020 not to be using one.
There are many ways to send money to a friend using your phone. PayPal, Venmo, Facebook, Google. Not long ago, Square introduced Cash as its own personal method for you to take money that's in your bank account and stick it in another's. Now the company is introducing a feature that lets you set aside money specifically for this purpose.
Square released Cash a while back to make it easier to send and receive money on your mobile device, but now it's even easier with "$Cashtags." Get it? It's like a hashtag, but for money. You know some marketing manager was giddy after coming up with that. It's not all fun and games, though. Cash now also supports businesses with an option called Cash Pro.
Mobile technology has done a lot to simplify life in many ways, which includes sending money and paying bills. As much as it sucks to hand over all those moneydollars, Square's Cash app eases the pain a little bit by making it a painless process. Today's update brings the app up to version 2, which adds a handful of new features and improvements.
Everything is better in Cash 2.0!
Send cash to any mobile phone number via text message.
Faster, optimized sending interface.
Import your address book for quick contact selection.
Add a note to your payments.
Choose push notifications, text messages, or email notifications.