Search results for Cash App
Finance
Cash App unveils wand-like NFC payment tag that works without phone or card
Block\'s Cash App has unveiled a wand-like near-field communication payment tag accessory that allows users to pay by tapping, without a smartphone or card. Priced at $25, the keyring-style product is the first in a planned line of tag-based payment hardware. It works at offline stores that support Visa tap to pay after linking to a Cash App card. Users can lock or reactivate the tag via the app and get instant payment alerts.
Crypto
Bitcoin Depot halts ATM business after losing fee edge and facing regulatory burden
Bitcoin Depot, North America\'s largest bitcoin ATM operator, has halted its cryptocurrency ATM network after seeking bankruptcy protection in the United States. It filed for Chapter 11 in a Texas bankruptcy court and plans to pursue asset sales under court supervision. The company said financial performance deteriorated sharply, pressured by cheaper regulated apps, high costs to maintain more than 9,000 machines and stricter state-by-state rules. Fraud-related allegations and enforcement actions in Massachusetts and Connecticut also added to the strain.
AI & Enterprise
AI era puts companies at HR crossroads: layoffs or more output with staff retention
Companies expect AI to lift productivity, but their approaches are narrowing to 2 paths: cutting staff to save costs, or keeping headcount while having existing employees do more with AI. The Wall Street Journal reported layoffs linked to AI have become more visible this year, citing Gartner survey results showing about 80 percent of firms using AI agents or automation are reducing staff. Some companies aim to maintain staffing while increasing output.
