Square gets into the loan sharking business with 65% APR short-term loans

See the original posting on Boing Boing

If you are desperate for $20 and $200, that probably means you or your kids are hungry or need medication to stay alive. Your friends at Square are here to help. Square’s peer-to-peer payment service, Cash App, is testing a new feature that offers loans between $20 and $200. You have four weeks to pay […]