Block says Cash App has 44 million verified monthly users after Hindenburg report

FILE PHOTO: The logo of Cash App is seen at the main hall during the Bitcoin Conference 2022 in Miami Beach, Florida, U.S. April 6, 2022. REUTERS/Marco Bello/File Photo

(Reuters) -Block Inc said on Thursday 44 million of its more 51 million monthly active customers on Cash App were verified through its identity program as of Dec. 31.

The payments firm also estimated that the verified accounts constituted roughly 97% of Cash App inflows.