Block Launches Cash App Pools for Group Payments

Block Inc has launched a new group payments feature called Pools within its Cash App, aimed at simplifying peer-to-peer transactions for groups and enhancing user experience. Pools allow users to collectively contribute to shared financial goals, such as group trips or gifts, with contributions supported directly through Cash App as well as Apple Pay and Google Pay. Currently, the feature is available to a select group of users, with plans for broader rollout in the coming months. This addition reflects Block's ongoing commitment to innovation and expanding its offerings to maintain a competitive edge in the digital payments space. Financially, Block remains strong with steady revenue growth and profitability, and analysts hold an optimistic outlook with an average price target suggesting significant upside. The Pools feature also enables users to invite contributors outside the Cash App ecosystem via links, potentially broadening its user base further.