Jack Dorsey’s Cash App Square Buys Jay-Z’s Tidal for $297m

Jack also confirmed that Jay-Z will also help lead the entire company , “including Seller and the Cash App, as soon as the deal closes”.

Square is a FinTech company founded by Twitter CEO Jack Dorsey 12 years ago. The idea behind Square was to give small sellers a simple tool, which allows them to send and receive money for free through a mobile application. This application lets merchants make transactions via their smartphone devices.

“We did the same for individuals with Cash App, which now enables a comprehensive set of financial services for those who weren’t able to access it earlier,” added Dorsey in a tweet.

Music app Tidal was started by popular American rapper Jay-Z, which focused on an uncompromised experience of music.

Tidal has more than 70 million tracks, which includes exclusive releases, interviews, and music videos. The platform is completely ad-free and focuses to brings you closer to the artists you listen to.

“It’s refreshing and right. The vision only…

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