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Yes. There is a big stigma, or at least there was. I don't know why. It's no different than venmo, so far as I can tell.
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I don't know why, either. It requires KYC just like Venmo, so I don't see why it's different. Maybe it didn't used to?
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I think it was always KYC. I remember the stigma going way back. I have to be honest. Before I retired, and before I got into bitcoin, I got cash app because all of my criminal clients used it. None of them had venmo like me.
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Hah! Another data point
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Someone told me cash app is only for sketchy people and/or transactions. I was unaware of this stigma.