An article summarized by The Verge:
Cash App has launched the Cash App Wand, a star-topped, NFC-enabled accessory that allows users to make contactless payments with a wave of a wand instead of using a phone or physical card. The product builds on a viral social media trend where people create custom payment devices, including magic wands and oversized novelty tokens, that contain tap-to-pay technology.
Unlike DIY creations, the Cash App Wand has a built-in NFC chip that connects directly to a user's Cash App Card. Designed with younger users in mind, it can be attached to a keychain, belt, or bag and works anywhere Visa tap-to-pay is accepted. Cash App says the product targets its growing teen user base, noting that one in five U.S. teenagers already use a Cash App Card.
The wand is available to eligible users ages 13 and older for $25 while supplies last. It includes security features such as the ability to lock or unlock the device through the app, real-time transaction notifications, and fraud monitoring. Cash App also says the Wand is just the first in a new line of collectible payment accessories called "Tags," with additional designs expected to launch in limited releases before becoming widely available later this summer.
