> huge incumbency
I've never heard of Venmo, nor have any of my tech friends.
I've never heard of Venmo, nor have any of my tech friends.
The key to the product is the strength of the network. They got all the major banks and CC providers to sign onto the platform, which was unprecedented. So from that standpoint, it's a fantastic product.
It's not particularly well designed, I don't know why there's a social dimension to it, etc. I don't think every product needs to be impressive and I don't mean it as a dig on Venmo. Just that if there IS a way to fill this niche in an "impressive" way, Venmo isn't it.
Edit: Actually Square Cash is pretty damn impressive. Emailing cash instantly with no need for accounts? That's baller.