FTC Venmo not a Reliable payment Method and not Secure
It sounds as if Venmo might need a serious upgrade before it can make money. That means PayPal CEO Dan Schulman’s promise to monetize Venmo might have to wait. Despite the problems, Schulman still believes in Venmo and stands by it.
Disturbingly, most of the victims did not realize that Zelle was a P2P app. They thought it was a digital wallet like PayPal which it is not.
Read More