Why is #VenmoMe Trending on Twitter? What’s the deal?

VenmoMe

Venmo is a mobile payment service based in the United States that was created in 2009 and has been owned by PayPal since 2012. Venmo was created to let friends and family share costs, such as movie tickets, food, rent, or event tickets. Account users can send money to others via a mobile phone app; the sender and receiver must both be residents of the United States. In the first quarter of 2018, the corporation processed $159 billion in transactions.

Venmo is offering $10,000 as a promotional stunt to add new users as well as encourage existing account holders to use the payment app more.

Today, on 5th January, 2022 Venmo tweeted the following while asking people to participate in a contest to win money.

New year, new #VenmoMe. We’re giving out $10,000 today. RT this w/ your Venmo handle and you just might Sparkles manifest Sparkles $100, $250, or $500. Must follow @Venmo . No purch nec. Ends 1/5. US only, 18+. Venmo acct req’d. Rules: http://venmo.me/vm

So, if you want to win some cash, go to Tweeter and perform the steps mentioned at http://venmo.me/vm

Here are some examples bellow:

About Venmo

Venmo displays every peer-to-peer transaction (except the amount) by default, a feature that researchers have found to reveal sensitive information about users’ lives in some circumstances. The corporation reached a settlement with the Federal Trade Commission in 2018 for various privacy and security issues relating to this and other services, and made adjustments to the settings as a result. Venmo, on the other hand, has been chastised for putting users’ privacy at danger.

Original author(s)Andrew KortinaIqram Magdon-Ismail
Developer(s)Venmo, LLC (subsidiary of PayPal)
Initial release2009; 13 years ago
Operating systemAndroid, iOS
Available inEnglish
Websitevenmo.com

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