😱End of an era: the Cash App platform is leaving the UK.🇬🇧

😱End of an era: the Cash App platform is leaving the UK.🇬🇧

After September 15, Brits will no longer be able to use this popular mobile payment app, cash app

➡️ Why is this happening❓The parent company, “Block”🇺🇸led by Jack Dorsey, decided to halt international expansion.

➡️ The UK was the first market outside the US, where in 2018 the P2P payment app by “Block” appeared. However, in a letter to shareholders sent this February, the creators of “Cash App” stated they are revising their approach, to focus on “growth in the US”. Quite an evasive formulation.

➡️ The return “to the status quo” happens as the company delves deeper into bitcoin, seeking to leverage the potential of crypto in digital transactions… And in England, the topic of cryptocurrencies is quite suspicious to the regulator.

So, there you have it. Something has to be sacrificed.

#news #USA #Europe #crypto

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