The Battle for One World Payments

Todd Moses
Jun 16 · 5 min read

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.