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Square's Cash App is hiring for a slew of positions hinting at plans to attract more merchants and compete directly with payment networks like Mastercard and Visa

Square's Cash App is hiring for a slew of positions hinting at plans to attract more merchants and compete directly with payment networks like Mastercard and Visa

Jack Dorsey, CEO of Square.
Burhaan Kinu/Hindustan Times via Getty Images




Cash App wants to be 'the most sought-after payments network in the US,' according to recent job postings.




It's hiring for roles to build out new payments flows, which could cut out networks like Mastercard and Visa.




Cash App Business is already growing fast, accounting for 8% of Square's total volumes as of Q4 2020.




See more stories on Insider's business page.


For Square, 2020 was, in many ways, the year of Cash App. The payment giant's personal finance offering saw 440% growth last year. And while a large portion of that was a result of the resurgence of cryptocurrency, Cash App's non-Bitcoin related revenue still grew by 137% year-over-year in 2020. Meanwhile, on the seller side of Square, where it's known for its white cash registers and card readers popular at coffee shops, revenue grew just 2% year-over-year.Now, Square is looking to build on the momentum of the past year as it hires for a slew of positions at Cash App focused on turning the app into much more than just a peer-to-peer Venmo rival.
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