trusted Cash App, trusted is Cash App?

How trusted is Cash App?
Cash App is generally considered a trusted and reliable platform for peer-to-peer payments and financial services, but like any financial app, its trustworthiness depends on several factors:

Security Features: Cash App employs several security measures such as encryption, two-factor authentication (2FA), and fraud detection to protect users’ accounts and transactions. Additionally, you can disable your Cash Card if lost or stolen and set up notifications for all transactions.

Regulatory Compliance: Cash App is operated by Block, Inc. (formerly Square, Inc.), a publicly traded and regulated company in the U.S., meaning it complies with financial regulations. Cash App also reports certain transactions to the IRS, which indicates its regulatory compliance.

User Reviews and Experiences: While many users have positive experiences with Cash App, including its ease of use and speed of transactions, some users have reported issues like delayed payments, lack of live customer support, and account freezes for suspected fraud. These issues are not uncommon with digital payment platforms but can affect user trust.