Topic: Bitcoin vs Venmo (Read 1974 times)
Until I will support bitcoin, I will develop bitcoin so that bitcoin is more interested by many people, now there are so many people who like bitcoin, working on bitcoin really helps my economy
Venmo vs. Bitcoin
Venmo is a service of PayPal that allows anyone to send money via Facebook, phone or email, and has seen impressive growth, particularly among young professionals and social media users. In fact, over $2.1 billion has been transacted over Venmo, which integrates with Facebook and its 1.5 billion active users.
Additionally, Venmo is also planning to steal Bitcoin’s thunder in another arena by integrating with PayPal’s merchant services, which have supported bitcoin payments since spring 2015.
“The social component (and free marketing) helped Venmo go viral,” explains Techcrunch. “When you go out to dinner with a friend or share a cab or go on a weekend getaway and want to split the bill, Venmo is almost always the easiest option.”
Read full:
https://news.bitcoin.com/paypals-venmo-beating-bitcoin-p2p-payments/
Venmo is a service of PayPal that allows anyone to send money via Facebook, phone or email, and has seen impressive growth, particularly among young professionals and social media users. In fact, over $2.1 billion has been transacted over Venmo, which integrates with Facebook and its 1.5 billion active users.
Additionally, Venmo is also planning to steal Bitcoin’s thunder in another arena by integrating with PayPal’s merchant services, which have supported bitcoin payments since spring 2015.
“The social component (and free marketing) helped Venmo go viral,” explains Techcrunch. “When you go out to dinner with a friend or share a cab or go on a weekend getaway and want to split the bill, Venmo is almost always the easiest option.”
Read full:
https://news.bitcoin.com/paypals-venmo-beating-bitcoin-p2p-payments/
Why would we be interested in a centralized solution?
Wire transfer fees charged by the 10 largest U.S. banks:
Banks Domestic - Incoming Domestic - Outgoing Foreign - Incoming Foreign - Outgoing
Bank of America $15 $25 $16 $45
Chase $15 $30 $15 $45
Wells Fargo $15 $30 $16 $40
Citibank $15 $35 $15 $45
U.S. Bank $20 $30 $25 $50
Capital One $15 $25 $15 $50
PNC Bank $15 $25 $15 $45
TD Bank $15 $25 $15 $40
BB&T $15 $25 $18 $65
SunTrust Bank $15 $25 $30 $50
AVERAGE $15.50 $27.50 $18.00 $47.50
im not american.. im british.. and shocked that the US banks charge for that.
explains why america hates banks so much but loves bitcoin. but the uptake of bitcoin is slower in the UK
because we have had instead wire transfers that are free, for years. and easy userfriendly apps like Pingit
Why are you shocked?
Most ordinary people don't use "wire transfers".
There is something called an ACH transfer, which is free for domestic to domestic bank. So wire transfers are more for international payments.
I was shocked that one is only supposed to use Venmo with trusted friends:
http://www.slate.com/articles/business/moneybox/2015/09/venmo_scam_and_fraud_why_it_s_easy_to_get_ripped_off_through_the_mobile.html
Lots of people getting scammed by receiving green checkmark with notification of funds in Venmo, but the funds are not actually there and the transaction is later reversed. These people could all have used bitcoin and waited 1 hour for confirmation.
How can any of you compare Venmo with Bitcoin and think Venmo is better when they can reverse transactions? More like venom than venmo.
can not be compared between venmo and bitcoin , because each has its own advantages .
I wonder if Venmo works with Bank accounts out of U.S well. While I was trying to sign up I noticed it didn't allow me to enter a Non US phone number, so I'm guessing this isn't really beating Bitcoin. Bitcoin is usable globally.
But you can use Purse.io only for products. What if you need that extra cash for emergency reasons? What will do then to convert bitcoins to money?
Because people too lazy to learn about bitcoin, they know it but not to use it. And they prefer to fiat than bitcoin.
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Wire transfer fees charged by the 10 largest U.S. banks:
Banks Domestic - Incoming Domestic - Outgoing Foreign - Incoming Foreign - Outgoing
Bank of America $15 $25 $16 $45
Chase $15 $30 $15 $45
Wells Fargo $15 $30 $16 $40
Citibank $15 $35 $15 $45
U.S. Bank $20 $30 $25 $50
Capital One $15 $25 $15 $50
PNC Bank $15 $25 $15 $45
TD Bank $15 $25 $15 $40
BB&T $15 $25 $18 $65
SunTrust Bank $15 $25 $30 $50
AVERAGE $15.50 $27.50 $18.00 $47.50
im not american.. im british.. and shocked that the US banks charge for that.
explains why america hates banks so much but loves bitcoin. but the uptake of bitcoin is slower in the UK
because we have had instead wire transfers that are free, for years. and easy userfriendly apps like Pingit
Why are you shocked?
Most ordinary people don't use "wire transfers".
Thanks for the clarification I didn't know they used second hand gift cards to provide the cash for the exchange. By the way do you pay the shipping costs to your respective country or it's free of charge?
yes you need to pay the shipping cost, but since this is amazon, we are talking about, most of the time the cost are free, if you ever used amazon(with fiat) you should know this
Thanks for the clarification I didn't know they used second hand gift cards to provide the cash for the exchange. By the way do you pay the shipping costs to your respective country or it's free of charge?
Can you really get a 30% discount on Purse.io buying stuff with bitcoins? Because on their state it says 5% but I suppose it could scale up to 30%? What is the max discount there?
yes, and it is my third buying on which i have 30% already, i saved 12 euro until now, bears in mind that i'm purchasing for now, low cost things, but i'm planning to buy expensive things in the future
Paypal is good for consumers and gives really good consumer protections, but sellers get shafted if any thing goes wrong, and the amount of hacked paypal accounts is ridiculous, and the seller usually has to pay for that.
Can you really get a 30% discount on Purse.io buying stuff with bitcoins? Because on their state it says 5% but I suppose it could scale up to 30%? What is the max discount there?
depends..
they work by buying second hand giftcards off of people and then using those funds to bitcoiners. discounts can be anything depending on where u want to shop
Can you really get a 30% discount on Purse.io buying stuff with bitcoins? Because on their state it says 5% but I suppose it could scale up to 30%? What is the max discount there?
But you can use Purse.io only for products. What if you need that extra cash for emergency reasons? What will do then to convert bitcoins to money?
what are the fees on venmo?
If there's still fees, its similar to paypal.
so , big deal.
plus its still moving fiat around.
bitcoin is a true p2p currency.
If there's still fees, its similar to paypal.
so , big deal.
plus its still moving fiat around.
bitcoin is a true p2p currency.
https://venmo.com/about/fees/
Quote
There is a 3% fee on credit cards and some debit cards. Receiving money through the Venmo app is always free.
wire transfers are free tooWire transfer fees charged by the 10 largest U.S. banks:
Banks Domestic - Incoming Domestic - Outgoing Foreign - Incoming Foreign - Outgoing
Bank of America $15 $25 $16 $45
Chase $15 $30 $15 $45
Wells Fargo $15 $30 $16 $40
Citibank $15 $35 $15 $45
U.S. Bank $20 $30 $25 $50
Capital One $15 $25 $15 $50
PNC Bank $15 $25 $15 $45
TD Bank $15 $25 $15 $40
BB&T $15 $25 $18 $65
SunTrust Bank $15 $25 $30 $50
AVERAGE $15.50 $27.50 $18.00 $47.50
and people stilld efend fiat, fiat is the evil, even with my deutesche bank which is basically free for every transaction and for depsit and for everything else, i still need to pay more than 25 ero for an international transfer, that's absurd...
with bitcoin only 4 cent...
I've never heard of Venmo, if it works just like paypal then I would choose bitcoin over any of these
Something that always holds me off from using services like these are the fees.
Something that always holds me off from using services like these are the fees.
I use Paypal since 2004 or so and I don't even remember paying fees, I remember there was a 1 euro fee if one made a withdrawal less than 100 euros, now it's free.
I can say I've paid a lot more in fees using bitcoin in 2 and a half years than with 12 years of Paypal usage.
Wire transfer fees charged by the 10 largest U.S. banks:
Banks Domestic - Incoming Domestic - Outgoing Foreign - Incoming Foreign - Outgoing
Bank of America $15 $25 $16 $45
Chase $15 $30 $15 $45
Wells Fargo $15 $30 $16 $40
Citibank $15 $35 $15 $45
U.S. Bank $20 $30 $25 $50
Capital One $15 $25 $15 $50
PNC Bank $15 $25 $15 $45
TD Bank $15 $25 $15 $40
BB&T $15 $25 $18 $65
SunTrust Bank $15 $25 $30 $50
AVERAGE $15.50 $27.50 $18.00 $47.50
im not american.. im british.. and shocked that the US banks charge for that.
explains why america hates banks so much but loves bitcoin. but the uptake of bitcoin is slower in the UK
because we have had instead wire transfers that are free, for years. and easy userfriendly apps like Pingit
Venmo vs. Bitcoin
Venmo is a service of PayPal that allows anyone to send money via Facebook, phone or email, and has seen impressive growth, particularly among young professionals and social media users. In fact, over $2.1 billion has been transacted over Venmo, which integrates with Facebook and its 1.5 billion active users.
Additionally, Venmo is also planning to steal Bitcoin’s thunder in another arena by integrating with PayPal’s merchant services, which have supported bitcoin payments since spring 2015.
“The social component (and free marketing) helped Venmo go viral,” explains Techcrunch. “When you go out to dinner with a friend or share a cab or go on a weekend getaway and want to split the bill, Venmo is almost always the easiest option.”
Read full:
https://news.bitcoin.com/paypals-venmo-beating-bitcoin-p2p-payments/
oh i new to hear this,never hear about venmo before,is this new relese?based on that graphic,i think its really good movement,and little bit worry if someday can beat bitcoin as alternative payment. Venmo is a service of PayPal that allows anyone to send money via Facebook, phone or email, and has seen impressive growth, particularly among young professionals and social media users. In fact, over $2.1 billion has been transacted over Venmo, which integrates with Facebook and its 1.5 billion active users.
Additionally, Venmo is also planning to steal Bitcoin’s thunder in another arena by integrating with PayPal’s merchant services, which have supported bitcoin payments since spring 2015.
“The social component (and free marketing) helped Venmo go viral,” explains Techcrunch. “When you go out to dinner with a friend or share a cab or go on a weekend getaway and want to split the bill, Venmo is almost always the easiest option.”
Read full:
https://news.bitcoin.com/paypals-venmo-beating-bitcoin-p2p-payments/
I've never heard of Venmo, if it works just like paypal then I would choose bitcoin over any of these
Something that always holds me off from using services like these are the fees.
Something that always holds me off from using services like these are the fees.
what are the fees on venmo?
If there's still fees, its similar to paypal.
so , big deal.
plus its still moving fiat around.
bitcoin is a true p2p currency.
If there's still fees, its similar to paypal.
so , big deal.
plus its still moving fiat around.
bitcoin is a true p2p currency.
https://venmo.com/about/fees/
Quote
There is a 3% fee on credit cards and some debit cards. Receiving money through the Venmo app is always free.
wire transfers are free tooWire transfer fees charged by the 10 largest U.S. banks:
Banks Domestic - Incoming Domestic - Outgoing Foreign - Incoming Foreign - Outgoing
Bank of America $15 $25 $16 $45
Chase $15 $30 $15 $45
Wells Fargo $15 $30 $16 $40
Citibank $15 $35 $15 $45
U.S. Bank $20 $30 $25 $50
Capital One $15 $25 $15 $50
PNC Bank $15 $25 $15 $45
TD Bank $15 $25 $15 $40
BB&T $15 $25 $18 $65
SunTrust Bank $15 $25 $30 $50
AVERAGE $15.50 $27.50 $18.00 $47.50
WTF! Is this real?
It's completely unfordable to have a bank account in USA, and impossible to do business with those costs...
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