CROWDFUNDINSIDER · 2026-11-03 22:49 UTC

Jack Dorsey's Block ($XYZ) Aims to Make Cash App the Main Bank for Gig Workers and Crypto Users

Block is repositioning Cash App as a primary financial hub for gig workers and crypto users, expanding features beyond payments to include loans, BNPL, stock/Bitcoin trading, and savings tools. Cash App had 9.4 million primary banking actives (up 17% YoY) and 59 million monthly transacting actives as of Q2 2026, with the company working to rebuild trust after regulatory scrutiny over fraud and illicit activity. Block raised its DOJ settlement reserve to $526 million in August and filed an application in September to establish Builders Bank & Trust as an uninsured national trust bank for…

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