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Square has attracted a ton of users with Cash App, its peer-to-peer payment app that lets you easily send and receive money from your phone, but Cash App has only been available in the U.S. and the U.K. Acquiring Verse seems like a good fit to expand Square’s presence in Europe.
“At this point, our main priority is enabling Verse to continue their successful growth in Europe. Verse will continue to operate as an independent business, working out of their offices with no immediate changes to their existing products, customers, or business operations,” Square wrote in the announcement.
https://techcrunch.com/2020/06/16/square-acquires-european-peer-to-peer-payment-app-verse/
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