Now Square Wants to Be Your Bank, Too

Cash App from Square Courtesy of Square

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Square (SQ) is mulling expanding its burgeoning product portfolio to include investment and savings options through its popular Cash App.

Sarah Friar, Square’s Chief Financial Officer, raised the possibility Tuesday while speaking at Recode’s Code Commerce 2018 conference in New York. The move would come as the San Francisco-based company, which started as a credit-card processor, morphs into a provider of multiple financial services. It has already added lending for small businesses, and its peer-to-peer Cash App now accepts bitcoin.