Square's Cash App opens doors for users to receive U.S. coronavirus stimulus funds in their accounts

The IRS announced Friday that it was launching a tool for eligible U.S. citizens and residents who don't usually file a tax return to obtain access to government coronavirus-related stimulus funds.

Hours after that decision, Square announced that it was adding a feature to allow users to direct those stimulus payments to their Cash App accounts. The IRS tool is being launched on April 17, according to a press release published by the agency., and the U.S. government is expected to begin transmitting payments and sending checks to eligible people in the coming days.

"Get your $1,200 even if you didn’t file a tax return in 2019," Square CEO Jack Dorsey