Cash App Unveils $25 Contactless Payment 'Magic Wand'

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Cash App launched a $25 contactless 'magic wand' that lets users make tap-to-pay transactions with a new physical form factor, which Finovate called outrageous enough to have stunned 2014-era payments executives. The device represents an experiment in novel consumer payment hardware beyond phones and cards. A signal on how payments incumbents are testing tangible form factors.