Cash App Launches Buy Now Pay Later for P2P Transfers — 7.5% Fee, Debt Spiral Protections

TechCrunch·medium signal

Block's Cash App launched a 'pay later' feature for person-to-person transfers, expanding BNPL beyond retail into social payments. Users pay a flat 7.5% fee (borrowing $100 costs $107.50). Block says the feature includes protections against debt spirals, but the move extends credit risk into informal payment networks where spending discipline is less structured.