Cash App users can now send money to friends using installment plans.

Block says that the new feature has strong built-in protections to keep users from so-called debt spirals.

The new capability allows Cash App users to translate “recent” P2P transfers into short-term installment loans, Block says. The sum of the payment is immediately credited to the user’s account, and ...

Cash App has introduced a new capability that lets customers transform their peer-to-peer money transfers into structured installment plans.

It’s a big update day for users of Cash App, the money-movement service from Block Inc., as a new artificial-intelligence tool, a borrowing service, and cryptocurrency options are added. Announced ...