Cash App(or Square, specifically) is a pretty reputable company. With that said, will I recommend people to invest in bitcoin through the Cash App? If the person already uses Cash App anyway, then sure as long as he/she withdraws the coins on a non-custodial wallet. Mostly though, if the person is decently tech-savvy(and bonus points if the person is privacy-conscious), definitely something like HodlHodl[1] or Bisq[2] instead.
On the other hand, if we're talking about an old person that doesn't even know how to use a computer? I'd most probably recommend a custodial broker like Cash App, or probably something like the Grayscale[3] Bitcoin Trust(GBTC).
[1]
https://hodlhodl.com/[2]
https://bisq.network/[3]
https://grayscale.co/bitcoin-trust/ Thanks to mk4 for letting me know more about the Cash App, really disappointed that the creator of the topic couldn't make as solid points as you to talk about Cash App.
But I have a little question, does Cash App accept currencies other than dollars? Also, are they expanding their offerings in the Asian market?
Currently, I have an amount of nearly 20k $ from relatives to send me and they asked me to manage money for them. I really want to find financial tools that provide passive and stable returns but not sure about Cash App. I would appreciate your detailed answer.