Cash App Shutting Down Service in the UK, Focuses on US Market

Block is shutting down its Cash App P2P payments service in the UK as it shifts focus away from international growth.

In a recent update, the company announced that Cash App UK will cease operations in September after six years in the market.

Additional scrutiny from US financial regulators in February further strained operations, prompting Block Inc. to refocus on its domestic market.

This shift in strategy includes deprioritizing global expansions, including operations in the UK.

Cash App, which has gained substantial traction in the U.S., is now a leading contender in peer-to-peer payments, rivaling PayPal’s Venmo and Zelle with over 50 million monthly users.

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Alexander Stefanov

Reporter at CoinsPress

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