Venmo, Bitcoin, compare and contrast.
2014-04-17 08:54:06 by -Venmo allows you to send US Dollars from a US bank to another US bank account.
Venmo can only be used in the US.
Venmo has a central authority. Your account could be seized or frozen by the government.
Bitcoin is its own currency.
Bitcoin does not use the banking system. Each Bitcoin wallet is like its own bank account.
Bitcoin allows people to send money to and from anyplace - any country.
Bitcoin has no central authority. You account cannot be seized or frozen by anybody.
The US Dollars used by Venmo are easily counterfeited (devalued) by the Federal Reserve
Venmo, Bitcoin, compare and contrast...
2014-04-17 08:50:07 by -Venmo allows you to send US Dollars from a US bank to another US bank account.
Venmo can only be used in the US.
Venmo has a central authority. Your account could be seized or frozen by the government.
Bitcoin is its own currency.
Bitcoin does not use the banking system. Each Bitcoin wallet is like its own bank account.
Bitcoin allows people to send money to and from anyplace - any country.
Bitcoin has no central authority. You account cannot be seized or frozen by anybody.
The US Dollars used by Venmo are easily counterfeited (devalued) by the Federal Reserve