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The payment provider ballyhooed Cash App’s new and existing features this week as it vies with digital wallet rivals.

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It’s a big update day for users of Cash App, the money-movement service from Block Inc., as a new artificial-intelligence tool, a borrowing service, and cryptocurrency options are added.

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Cash App announced a slate of new features designed to match the ways millions of people manage their financial lives today. The first-ever Cash App Release, which marks the brand’s most significant ...

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