Why Is Venmo Social?
Jul 13, 2022•25 min•Ep. 16
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Episode description
While payment amounts are not disclosed, the emojis, descriptions, and time stamps that accompany each transaction can be viewed by anyone on the internet. In an interview with CNET, Venmo revealed transactions are public by default because the digital wallet app doubles as a social network.
Venmo is an American mobile payment service founded in 2009 and owned by PayPal since 2012. Venmo was aimed at friends and family who wish to split bills, e.g. for movies, dinner, rent, event tickets, etc.
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