Any business can now take payment using a $Cashtag

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Despite their inconvenience, over 13 billion checks are still written every year for over USD 1 trillion. In 2013 Square Cash launched their peer-to-peer payment service, enabling easier money transfer between friends and family. Now they are expanding their service to include payments to businesses as well, with the introduction of $Cashtags. Square Cash's original service requires the user making the payment to know the phone number and email address of the recipient, which usually works well for peer-to-peer transfers. However, businesses are unlikely to share that private information, which precludes them from the service. Looking to solve this, the…

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