Jack Dorsey's Cash App Introduces Interest-Bearing Accounts for Children
Jack Dorsey's Cash App, part of Block, Inc. (NYSE: XYZ), has launched parent-managed savings accounts for children aged 6-12, offering 3.25% interest. These accounts allow parents to control transactions and teach financial habits, though they do not include Bitcoin services. The move is part of Block's broader fintech offerings, which include Bitcoin-related products like Cash App and Bitkey.
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Topics: Bitcoin Cash App children's financial tools fintech managed accounts