🔥BREAKING: Block-owned Cash App has officially launched parent-managed accounts for children ages 6-12, offering 3.25% interest on savings as the Block-owned fintech platform expands into youth banking. But the accounts include no access to Bitcoin, which is available to older Cash App users.
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Children do not have direct app access but receive a physical debit card. Kids can receive money from up to five parent-approved "trusted contacts". Children can design their own Cash App Card.
This service is currently available to eligible parents in the U.S., excluding New York.