Geek Culture
Published in

Geek Culture

The Battle for One World Payments

It only took two years for Venmo to exit with over $25 million. A year later, it was worth $800 million. The company started in 2010 when Bitcoin was selling at $0.08. Today, Venmo is part of PayPal and Bitcoin is hovering around $40,000.

Regardless of the foundation laid by Satoshi, crypto has yet to be accepted as a mainstream payment method. Instead, it has become a means of speculation. Meanwhile, everyone from hairdressers to attorneys accepts Venmo. Including groups of twenty-somethings splitting a restaurant check.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store