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Bitcoin vs Venmo
March 18, 2025 | Author: Sandeep Sharma
3★
Open source P2P money. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.
10★
Venmo is a service of PayPal that allows to make and share payments. Venmo uses bank-grade security systems and data encryption to protect you and prevent against any unauthorized transactions or access to your personal or financial information. Sending money on Venmo is completely free as long as you use a bank account, supported debit card, or Venmo balance to fund your payments.
See also:
Top 10 Online Payment platforms
Top 10 Online Payment platforms
In the vast and mysterious world of digital payments, Bitcoin and Venmo share a peculiar similarity: they both allow people to send and receive money without needing to go to the inconvenience of visiting an actual bank. They both have apps, because who wants to use a website when you can have an app on your phone that makes you feel like you're living in the future? They’re also both used for payments, albeit one is a bit more enthusiastic about being a currency and the other is more about sending your friend five dollars for dinner. Not to mention, they both allow transfers faster than a snail on a caffeine high—though you may not notice if you're paying for a latte or betting on whether the world ends.
Now, Bitcoin, bless its cryptographic heart, is an entirely different kettle of fish. Created in 2009 by an enigmatic individual who may or may not be a robot (the jury is still out), Bitcoin operates in a universe where no government or central authority dares to tread. It’s like the rebel teenager of the payment world, preferring a decentralized blockchain to your ordinary, run-of-the-mill bank transfer. It’s used for everything from serious investment to philosophical pondering about the nature of currency and is remarkably keen on being global. As long as you can work out how to use it (which, to be fair, is a bit like trying to read a book written in invisible ink), it’s free to roam the digital cosmos.
Venmo, on the other hand, is the chirpy, rule-abiding cousin that lives in the United States and only seems to exist in the realm of transactions between friends, as though the very act of paying someone for a pizza requires a degree of social bonding. It was launched in 2009 by two humans who thought "Hey, let's make paying for dinner fun!" Now owned by PayPal, it’s a bit more grounded in reality—more like an Earthling's attempt to turn digital cash into a simple, socially acceptable ritual. Venmo does not roam freely across borders like Bitcoin; instead, it prefers to stay within the cozy confines of the U.S., where it demands a U.S. bank account and operates under the gentle supervision of regulations.
See also: Top 10 Online Payment platforms
Now, Bitcoin, bless its cryptographic heart, is an entirely different kettle of fish. Created in 2009 by an enigmatic individual who may or may not be a robot (the jury is still out), Bitcoin operates in a universe where no government or central authority dares to tread. It’s like the rebel teenager of the payment world, preferring a decentralized blockchain to your ordinary, run-of-the-mill bank transfer. It’s used for everything from serious investment to philosophical pondering about the nature of currency and is remarkably keen on being global. As long as you can work out how to use it (which, to be fair, is a bit like trying to read a book written in invisible ink), it’s free to roam the digital cosmos.
Venmo, on the other hand, is the chirpy, rule-abiding cousin that lives in the United States and only seems to exist in the realm of transactions between friends, as though the very act of paying someone for a pizza requires a degree of social bonding. It was launched in 2009 by two humans who thought "Hey, let's make paying for dinner fun!" Now owned by PayPal, it’s a bit more grounded in reality—more like an Earthling's attempt to turn digital cash into a simple, socially acceptable ritual. Venmo does not roam freely across borders like Bitcoin; instead, it prefers to stay within the cozy confines of the U.S., where it demands a U.S. bank account and operates under the gentle supervision of regulations.
See also: Top 10 Online Payment platforms
