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RE: Venmo Is Maybe Competition For Crypto

in #venmo7 years ago

Yes, in my opinion if it will help to those people who need some transactions for free then it's good for them, but in my opinion there is no comparison between Crypto with any centralised applications because, the concept is totally different and Crypto is real freedom of money in my opinion. Thanks for sharing and wishing you an great day. Stay blessed. 🙂

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Yeah crypto is about the whole money system

Yes. 🙂

Although there is no comparison yet to venmo, cashapp, zelle, all the aforementioned digital cash quickpay apps are creeping into the digital territories. The banks and VC backed platforms know that they need to be on the forefront of change or be left behind.

The current volatility of a crypto market though, however, allows a holder of assets an appreciation on their coins as constant adoption happens. Down the road when there is less volatility - these bank apps may even turn to crypto wallets. Look at $TPAY, they just bought a portion of a bank with ICO money to allow for this.