Thomas Brewster’s piece in Forbes throws a spotlight on Cash App, tagging it as a go-to for some pretty shady dealings like sex trafficking and CSAM.
But here’s the thing: the article kind of muddles legal adult work with the illegal stuff, which isn’t great for law enforcement efforts. This reminds me of the whole Backpage drama, where shutting it down actually made it tougher for the cops to do their thing. Because of all this noise, Cash App might end up under a microscope, possibly facing new rules that could shake up how it works and how we, the users, see it.
This ripple effect could hit the whole digital payment scene, making everyone double down on the legal side of things, users might become more cautious, impacting transaction volumes. But maybe at the cost of smooth and easy transactions. It’s a tricky balance between keeping things legit and user-friendly.
You can read the full article here.
