Venmo the new Dwolla?

[jlambert]

Not sure if anyone else has come across this but it seems to be a new type of Dwolla, although the description says that transactions are shared with the public in a social way.  Seems like a cross between Dwolla and Bitcoin without the anonymity.

http://venturebeat.com/2012/03/20/venmo-now-processing-10m-a-month-comes-out-of-beta-offers-me-the-worlds-smallest-bribe/

https://venmo.com/

They also charge no fees at the moment..

[Phinnaeus Gage]

Not sure if anyone else has come across this but it seems to be a search button on BitcoinTalk where one can search for stuff anonymously. That said, yes we've seen it.

https://bitcointalk.org/index.php?action=search

[Stephen Gornick]

They also charge no fees at the moment..

Well, ... Venmo allows the payment to be funded from a credit card.   That used to be provided at par (no fee for the transfer from a card).  Now they charge 3% apparently  (though for new users, the first $500 of charges is free from any fees).

 - http://help.venmo.com/customer/portal/articles/429494-why-is-venmo-charging-credit-card-fees-

As far as competing with Dwolla, t here are no bitcoin exchanges or intermediaries that accept Venmo payments.  So Venmo is no more like Dwolla than PayPal, AlertPay, Square, or the multitude of competing services.