Peer-To-Peer Money Transfer - Deepstash

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Peer-To-Peer Money Transfer

Peer-To-Peer Money Transfer

Peer-to-peer payment networks are having an extended moment. About 65 percent of Americans are expected to bank online in 2022. Cash and credit card use has been in decline for years and the pandemic accelerated people’s move to contactless payments. There are also 63 million Americans whose only financial options are money transfer apps.

People use Cash App as their primary bank account, and in some cases as their only bank account.

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