Proof of Usefulness Report

Cash App

Analysis completed on 2/14/2026

+690
Proof of Usefulness Score
Category Standard

The project represents a major global fintech platform (Cash App) with verifiable multi-billion dollar revenue and tens of millions of users, justifying a high baseline score. However, the submission description incorrectly focuses on 'Verse', a subsidiary that shut down in September 2024, and the data provided is low-effort and poorly formatted. The score reflects the undeniable real-world utility and scale of the parent entity, significantly penalized for the outdated description and lack of direct evidence in the submission.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+225.00
Audience Reach Impact+190.00
Technical Innovation+84.00
Evidence Of Traction+225.00
Market Timing Relevance+40.00
Functional Completeness+2.50
Subtotal+766.5
Usefulness Multiplierx0.9
Final Score+690

Project Details

Project URL
cash.app
Description
Verse is within the ecosystem of Cash App, located in Barcelona, Vilnius, and Madrid. Its goal is to take the friction out of spending and sharing money through peer-to-peer transactions. Verse is an EU-licensed electronic money institution, which under its digital wallet, allows its customers to share payments instantly, safely, and free of charge in select countries across the European Union. In partnership with Cash App and the rest of the Block ecosystem, we are building a product that redefines the world’s relationship with money by making it universally accessible. Check out our locations, benefits and more at https://verse.me/careers.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline