Venmo is unique and an excellent example of technological convergence in that it has blended online banking with social media. Since its invention, this app has experienced a drastic increase in popularity and transaction volume. To elaborate, Venmo is an app that can connect to a user's Facebook account in order to import a friend list as well as draw from phone contacts. The app connects to your credit or debit card and is fairly easy to set up. Users can then transfer money to their friends regardless of what credit card company they use. In this way, people can use their cellphones as their wallet without the hassle of taking out cash or paying fees to transfer to someone outside of their company. In addition, users can also choose whether to make their transactions private or public. If they opt for public, their transactions and comments are posted on to a newsfeed of other transactions made by their friends. Thus, the app has an added social feature where friends can keep up with each other's activity.
From simply being able to make and receive calls to being able to transfer money through a click of a button, cell phone uses have come a long way thanks to convergence. Venmo has combined social media, phone contacts, banking, and internet in order to create a final user-friendly product. With the growing popularity of apps such as Venmo, the need for