“Thanks for picking that up for me! I will Venmo you the money.”

“Oh I don’t have Venmo but I can do bitcoin, CashApp, or PayPal”

*radio silence*

Even if bitcoin has world-class UX, I’m not sure if we’ll ever see widespread adoption until we can figure out how to release the absolute chokehold Venmo has on people, especially millennials.

CashApp may not be self custody but at least I can live my bitcoin life if someone uses it to send me money. Venmo has normalized digital payments so much that it’s changed how people behave and has become a verb. Nobody bothers to split bills anymore and they have stopped carrying cash. Why? Because they “can just Venmo you”.

I can see stack overflow error happening in real time when I tell my friends I don’t have Venmo because I don’t believe they created the social feature in good conscience and think it’s an awful thing for Venmo to try and normalize the destruction of financial privacy. Yes, you can now make transactions private, even if it’s not the default. No, I don’t care. I’m dying in this hill. I don’t want to link my fiat ass bank account to ANOTHER system when PayPal, which owns Venmo does the exact same thing. And you know what? People have been using PayPal since the dawn of the Internet 2.0. You already have it! And if I’m going to use a newer, mobile, digital payment solution, it’s going to be CashApp because at least I can turn that money you owe me into bitcoin, which is what I actually prefer you pay me back in. To add to that, Block and Jack Dorsey have done so much for the Bitcoin ecosystem. Of course I want to support CashApp!

In my experience the hierarchy is:

1. Venmo

2. Zelle

3. Cash (middle ground for “you don’t want to set up CashApp? Weird because I don’t want to set up Venmo!”)

4. “I’ll get your lunch next time”

5. MAYBE PayPal or CashApp

6. Not getting your money back

7. bitcoin

So what do I want? Obviously the Bitcoin Standard, but if I can’t have that I want to make cash great again and more people using bitcoin compatible payment solutions.

I encourage everyone to join me in a crusade of maximum pain for anyone trying to use something that is not this. We all deserve better! A win-win would be if Venmo integrated bitcoin so then all my Venmo using friends could transact with whoever they wish, using a free and open monetary protocol.

For starters it would probably help if I was more often in the scenario of needing to pay people back instead of the other way around…

It's odd that I was able to use PayPal for 20 years and then boom Venmo became the standard for people to send money around. I believe this is regional or changes with your different groups of friends. I don't know anyone who hat uses CashApp in my friends and family. Some have used PayPal many years ago, but it seems like everyone has Venmo since it was treated as the fun and social way to send money. Even my parents in their 60s use Venmo. I don't know anyone that uses Zelle either. I think I'd pass out if someone locally offered to pay me in bitcoin. I've thought about trying to get some friends to try Strike and then having them send me that way. Then, I can just send the cash to my Lightning node, but it also seems like a hassle or a dick move to ask someone to pay me but also require them to use a specific application or method. It has just been easier to accept all methods.

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Discussion

Do you think it’s a dick move to pay people back in the payment solution of your choice? I can get behind the etiquette of one side deciding how the money will be transferred but I don’t want to live in a reality where it’s Venmo only, both ways.

Thank you for saying that about PayPal! I thought I was going crazy! 😂 I was like isn’t this what we’ve been using since 2000 something?! Why and when did we make an overnight switch?!

Anyways, you’re nice and a good friend to cooperate with all payment methods 🙂