Daniel Terdiman wrote:

 

http://asset1.cbsistatic.com/cnwk.1d/i/tim2/2013/10/15/iPhone_Email_270x522.png

 

Square launched a free service Tuesday that lets anyone send money via email to anyone else.

The service, known as Square Cash, was previously available only in an invite-only beta. For now, at least, it is only available in the United States.

 

Square Cash doesn't require either person in a transaction to have a Square account, and there are no fees, said product manager Brian Grassadonia. In order to send money, all that's required is for the sender to address an e-mail to the recipient, with a CC: to cash@square.com, and the amount in the e-mail's subject line. The body of the email can contain any information the sender wants.