Let’s talk about Cash App, the app that’s making money stuff a lot easier for everyone. Did you know that in just one year, people sent over $1 trillion to friends and family using Cash App?
That’s a huge number! And it’s not just for sending money – they made over 350 million payments, too. It’s like Cash App is everywhere now.
A recent analysis of the number of Cash App users shows this is set to hit the 50 million milestone in 2024 after a 9.9% annual increase. This represents 17.6% of the US population. In other words, around one in every six US consumers uses Cash App at least once a month.
Let’s explore more cool Cash App facts and see why so many people use it. In this 2024, Let’s delve into its growth.
| Year | Cash App Card Owners | Annual Cash App Card Users | Annual Gross Profit | Annual Bitcoin Revenue |
|---|---|---|---|---|
| 2023 | 22 Million | 55 Million | 3.56 Billion | 45 Billion |
| 2022 | 18 Million | 51 Million | 2.95 Billion | 10.6 Billion |
| 2021 | 13 Million | 44 Million | 2.07 Billion | 12.3 Billion |
| 2020 | 7 Million | 36 Million | 1.23 Billion | 5.9 Billion |
| 2019 | 3.5 Million | 24 Million | 0.45 Billion | 1.3 Billion |
| 2018 | NA | 15 Million | 0.19 Billion | 0.4 Billion |
What Is Cash App?
Cash App is a mobile payment service. It is developed by Square, Inc. This allows users to transfer money to one another using a mobile phone app.
The Cash App also allows its users to pay for goods and services directly from their bank account or debit card, making it an extremely convenient way to make payments without having to write checks or visit the ATM.
With the Cash App, you can send money quickly and securely from anywhere in the world, no matter what type of currency you’re using.
Cash App is a mobile payment service that provides users with a variety of features to manage their finances.
Users can easily send money to friends and family members, even if they are located overseas. Additionally, the app allows users to buy and sell Bitcoin and other types of cryptocurrency.
With Cash App, you can invest in stocks and exchange-traded funds (ETFs) for as low as $1. This makes it a great option for both novice and experienced investors who want to diversify their portfolios without worrying about high trading fees.
Moreover, Cash App has a referral program that gives users bonus cash rewards for inviting friends and family members to join the app using their referral code.
Overall, Cash App is an easy-to-use and secure way to manage your money on the go. Whether you want to send payments, invest in stocks and ETFs, or buy cryptocurrency, Cash App has got you covered.
With its user-friendly platform, affordable fees, and bonus rewards program, it’s no wonder why CashApp has become so popular among users worldwide.
Cash App Customer Inflows ($bn)
| Date | Inflows ($bn) |
|---|---|
| Q4 2021 | 45 |
| Q1 2022 | 48 |
| Q2 2022 | 50 |
| Q3 2022 | 52 |
| Q4 2022 | 54 |
| Q1 2023 | 61 |
| Q2 2023 | 62 |
| Q3 2023 | 62 |
Source: businessofapps
25+ Best Cash App Statistics 2024
- In 2023, Cash App had 22 million card owners.
- That same year, 55 million people used Cash App Card.
- The annual gross profit for Cash App in 2023 was a whopping 3.56 $bn.
- And get this, their Bitcoin revenue in 2023 was an incredible 45 $bn!
- Moving back to 2022, there were 18 million Cash App card owners.
- About 51 million people used the Cash App Card in 2022.
- The annual gross profit for Cash App in 2022 was 2.95 $bn.
- Plus, their Bitcoin revenue in 2022 was 10.6 $bn.
- The number of Cash App Card Owners in 2021 was 3.5 mm
- The number of Cash App Card Owners in 2020 was 7 mm
- The number of Cash App Card Owners in 2019 was 13 mm
- The number of annual Cash App Card users in 2021 was 44 mm
- The number of annual Cash App Card users in 2020 was 36 mm
- The number of annual Cash App Card users in 2019 was 24 mm
- The number of annual Cash App Card users in 2018 was 15 mm
- The number of annual Cash App Card users in 2017 was 7 mm
- The number of annual Cash App Card users in 2016 was 3 mm
- The annual gross profit of Cash App in 2021 was 2.07 $bn
- The annual gross profit of Cash App in 2020 was 1.23 $bn
- The annual gross profit of Cash App in 2019 was 0.45 $bn
- The annual gross profit of Cash App in 2018 was 0.19 $bn
- The annual Bitcoin revenue of Cash App in 2021 was 10.02 $bn
- The annual Bitcoin revenue of Cash App in 2020 was 4.57 $bn
- The annual Bitcoin revenue of Cash App in 2019 was 0.51 $bn
- The annual revenue of Cash App in 2021 was 12.3 $bn
- The annual revenue of Cash App in 2020 was 5.9 $bn
- The annual revenue of Cash App in 2019 was 1.3 $bn
- The annual revenue of Cash App in 2018 was 0.4 $bn
FAQs
📊 How many people are using Cash App?
In 2023, Cash App is more popular than ever! It's amazing – 55 million people are using Cash App Cards. That's like if almost everyone in a big country decided to use the same app for their money!
🌟 How many Cash App Card owners are there?
This year, the number of Cash App Card owners reached 22 million. Imagine that! It's as if every person in a medium-sized country had a Cash App Card in their wallet.
🔒 How secure is Cash App for financial transactions?
Cash App is designed with security in mind, using encryption and other measures to protect user data. It also has features like PIN protection and optional two-factor authentication to enhance security.
🏧 How many ATMs can be used fee-free with Cash App?
Cash App offers a feature called Cash Card Boost, which allows users to get discounts and cashback at certain ATMs. The availability of fee-free ATMs can vary based on the current Boost offers.
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Conclusion: Cash App Statistics 2024
Cash App is a well-known mobile payment application that is widely used by millions of people in both the United States and the United Kingdom.
It has seen a significant rise in revenue and boasts an active user base on both the Android and iOS platforms.
The Cash App has become a popular and trustworthy way of sending, receiving, and storing money, thanks to its innovative and useful features.
As cashless payment methods continue to grow, it’s highly probable that Cash App will remain one of the leading digital payment services for many years to come.
