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20-Sep-2017 02:38

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What if sending money was as simple as sending an email?That’s the premise of Square Cash, launching today for all debit card users in the US, using any email service."The idea with this product is to reduce all anxiety for the sender," says Grassadonia, which begins with not forcing users to create accounts, usernames, or passwords.When you add a debit card to Square Cash, it’s permanently linked to your email.The company declined to provide any details about its anti-spoofing methods.Square is debuting its own i Phone and Android app for Cash as well, but not in the conventional sense.

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He capped off his talk with a quote from science fiction legend William Gibson: "The future has already arrived, it’s just not evenly distributed yet." With Square Cash, Dorsey and company have thought about both the technology and the simplest way to distribute it: an established medium like email, which we all know how to use.

All of your personal information and pictures will automatically be transfered to the new account.

However your conversations and favorites will not be transfered!

"People don’t want their money in a secondary holding account. That was one of the principles of the product." Square Cash works over email, which raises some pretty obvious questions about security.

At first glance, you might assume that an SMTP-spoofing program could convince Square that you’re sending money from an email address that isn’t yours.

Type a friend’s name, hit send, and the money is transferred.