In the ultra-competitive world of mobile payments, Square Cash continues to set itself apart as the quickest and easiest way to send and receive money. Now money transfers are easier than ever. Thanks to a new feature called Nearby Payments, you can use the app to send and receive cash over Bluetooth.
Square Cash, the payments company’s mobile money app and competitor to Venmo, has today rolled out a new update that lets users send cash by way of Bluetooth Low Energy (BLE). Called “Nearby Payments,” this new feature works on devices running iOS 8, the company says, and offers an alternative to its previous means of sending money by way of text message, mobile number or email. Cash users can configure their nearby visibility in the updated app so that they’re visible only to their contacts, or to everyone. The latter would make sense in larger groups – like when you’re splitting the bill at a table where you don’t have all the parties in your own address book, for example.