A Quote by Dan Schulman
Our strategy is to provide even more value to users and tie the Venmo community into the PayPal merchant marketplace so that they can use Venmo to buy things.
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What we want to do to monetize Venmo is to add more and more capabilities. Anywhere you see a PayPal merchant, you can click on that button and actually use your Venmo account to check out at that merchant. Then we'll monetize that transaction exactly the same way we monetize a PayPal transaction.
Venmo is one of the jewels of Paypal.
PayPal exists because banks are not interoperable: I can't efficiently pay you $10 unless I'm giving you a $10 bill. So we're all on PayPal and Venmo, I need interoperability on the same ledger.
We'd love to see a world where Venmo added support on the blockchain, then a Circle customer could pay a Venmo customer using their QR code or their blockchain address - and go between those instantly and for free.
My life has become extremely hard. I am banned on Twitter. I'm banned on Uber. I'm banned on Lyft. I'm banned on Venmo. I'm banned on GoFundMe. I'm banned on PayPal. I'm banned on Uber Eats. I can't even order a sandwich.
Monetizing by creating more value for a Venmo user makes a ton of sense to me. But other forms of monetization that are more intrusive, like in advertising or something like that, the jury is really still out for me.
Two-thirds of the world's population is unbanked or underbanked. Imagine if you had all your bank accounts shut down today, if you had all your credit cards shut off today, Paypal, Venmo, etc. What would life be like? And that's a problem that most of the world faces if you're in Latin America, Africa or South East Asia.
Merchants are eager to tap into the millennial Venmo shopper.
The blockchain is to money what SMTP is to email. It's an open way to move value around. Every existing player in this space - not just Venmo but also Google and Facebook and others - are all closed; they all want to work just within their own walled garden.
On engagement, we're already seeing that mobile users are more likely to be daily active users than desktop users. They're more likely to use Facebook six or seven days of the week.
Our management team strongly believes that the key opportunity of our business does not only come from just the increase in terms of number of users but also how we continue to enhance the value of our platform for our users.
I believe that Streamline should be part of our toolbox of things that we use at the border. And there needs to be a variety of things that we use at the border to get the most effective enforcement strategy. And so really it's a resource issue more than anything else.
The value of a dollar is to buy just things; a dollar goes on increasing in value with all the genius and all the virtue of the world. A dollar in a university is worth more than a dollar in a jail; in a temperate, schooled, law-abiding community than in some sink of crime, where dice, knives, and arsenic are in constant play.
Network neutrality protects the ability of users to access the lawful content, applications, and services of their choice. In other words, it lets users determine who wins and loses in the marketplace, and that's the way it should be.
I think anybody has, regardless of your gender, we all have equal value if you have value to bring and value to provide, you just have to be willing to use your voice.
I think anybody has - regardless of your gender, we all have equal value. If you have value to bring and value to provide, you just have to be willing to use your voice.
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