Which is better: Venmo or the Cash App? | The Tylt
When it comes to paying your friends back or even paying your bills, there are two payment apps that seem to rise above the rest: Venmo and the Cash App. For most people, Venmo served as their introduction to payment apps. People love its ease-of-use, as well as it's social feed. Meanwhile, the Cash App has no such feed, and fans say it feels like the more private, secure option. Which payment app is better?
Which is better: Venmo or the Cash App?
All security and privacy concerns aside, fans love Venmo. The feed of public transactions is endlessly entertaining.
Although the Cash App offers a bit less entertainment, it has stepped up to the plate by offering more services to customers. The app recently launched "My First Stock," which offers investment opportunities on the platform, allowing users to invest "as little or as much" as they want.
Per The Motley Fool, The Cash App, owned by Square, is focused on expanding its offering to perform all the typical functions of a bank:
While Venmo got a head start over Cash App, Square has quickly caught up and surpassed the payments pioneer in downloads earlier this year, according to Dolev. It's done so by introducing new features to Cash App in its quest to provide more services for the underbanked.
For the most part, Venmo started the payment-app wave. It's become so engrained in users' daily habits that the word itself has become a verb. Venmo is the default decision for most.
Venmo may be the first of payment apps as we know them, but the Cash App is the most straightforward. When using the Cash App, you don't need to worry about anything else other than sending and receiving money, which users greatly appreciate in a time of looming security risks. Plus, according to Wired's Louise Matsakis Square's Cash App is on the rise:
Sure, all your friends may be on Venmo, but maybe not for long: Square Cash is quickly growing more popular. The app was downloaded more times than Venmo in July and, as of earlier this week, it ranked higher than Venmo in the Apple App Store in the free finance apps category.