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Aug 29, 2023 |
moneyzine.com | Derek Sall
Launched in 2009, Venmo seemed a bit ahead of its time. Having realized its potential, Braintree acquired the app in 2012 for $26.2 million before being purchased by PayPal for $800 million just one year later. Today, Venmo is a mobile payment solution aimed at the youngest consumers in the US. As an originator of P2P transactions, PayPal still dominates the US market. But what about Venmo? Is PayPal’s little brother ready to take the throne and continue the legacy?
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