Origins of Venmo
kortina.net
kortina.net
I love how much time was spent exploring the early grind phase of this journey. Maybe Far too often this gets glossed over or glamorized as a mere waypoint on the way to eventual success.
I'm not sure if they had always offered debit-card-only setup (I think I had to add a bank when I first signed up) but they do now which is great for when people want to pay me. I can have the money in Venmo and moving towards one of my bank accounts in minutes. Just a few months ago my Mom wanted me to buy a gift for my dad so that it didn't show up on her card and so I ordered it and then after he had the gift she Venmo'd me the money. She didn't have an account setup but I had the money in less than 10 minutes. She isn't technically illiterate but she sometimes needs help with computer stuff but I just told her to use Venmo and she figured it all out by herself.
I have a bachelor party I'm attending this weekend and in a group chat with the other guys attending the guy who setup the hotel said we could bring cash/checks or just Venmo him the money. This is someone who, while they grew up with tech, isn't someone I would expect to use Venmo. It just goes to show that what I think of as "someone I would expect to use Venmo" is wrong/outdated.
I'm really excited to see Venmo get used more and more as it makes my life extremely more simple when it comes to paying friend back or getting paid back. I am going to start pushing my friends that don't have it yet to sign up, I'd like nothing more than to never get a check/cash from a friend again.
http://gizmodo.com/5989263/groupme-now-lets-you-split-the-bi...
It basically removes all transaction costs involved with spending money and going out with friends.
I look forward to seeing more of the story.