 WEEKEND ROUNDUP | |
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Venmo is launching a debit card PayPal-owned peer-to-peer (P2P) app Venmo is officially launching a physical debit card, allowing users to spend their balances in-store rather than transferring funds to their attached accounts.
The card is distributed by major prepaid card issuer Bancorp and runs on the Mastercard network, despite beta tests conducted with Visa over the past year.
It's currently in a limited release phase, starting as invitation-only for select Venmo users with a waitlist that anyone can join.
And it complements Pay with Venmo, a feature that enables merchants to accept Venmo as a payment optionbut doesn't involve a physical card.
Business Insider's Rachel Green has the full story. | |
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| THIS WEEK'S BRIEFING HIGHLIGHTS | |
| | | Oculus is broadening its VR content to appease a larger audience, focusing on entertainment for its new stand-alone VR headset, the Oculus Go. Read More → | | | | |
| | | Microsoft launched a new intelligent Visual Search tool for Bing that allows users to search the mobile web by uploading an image or taking a photo with their phone camera. Read More → | | | | |
| | | YouTube unveiled new features aimed at helping creators generate revenue in areas beyond advertising, like subscriptions and merchandise. Read More → | | | | |
| | | Global automakers will spend a whopping $255 billion on research and development (R&D) for electric vehicles (EV) through 2023. Read More → | | | | |
| | | Wells Fargo and Amex are partnering to upgrade the Propel card, a credit card that they stopped taking applications for in February, by adding new rewards and bonus offers. Read More → | | | | |
| | | Snap is developing an in-app gaming hub, TechCrunch reported Wednesday. The hub will launch later this year, offering instant games within the Snapchat app. Read More → | | | | |
| | | US-based VC firm Andreessen Horowitz is reportedly "closing in on" $300 million for a blockchain-dedicated fund, called a16z crypto. Read More → | | | | |
| | | Simility uses machine-learning technology to enable online merchants to spot fraudsters and improve their risk management. Read More → | | | | |
| | | UK-based Monzo is integrating UK cross-border money transfer company TransferWise into its app, which will allow the neobank's 750,000 customers to send international transfers in 16 currencies. Read More → | | | | |
| | | Amazon announced a new program, dubbed "Delivery Service Partners," that helps third-party businesses deliver packages for the company. Read More → | | | | |
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