Cash Is for Losers! Venmos Social Mobile Payments

The video discusses Venmo's role in mobile payments, highlighting its popularity among millennials and its unique social networking feature. It explains Venmo's current business model, which does not charge users but aims to expand merchant transactions for revenue. The video also compares Venmo with Apple Pay, noting different strategies in the evolving cashless society.

In what way does the text suggest that Venmo is different from Apple Pay?

What future vision does the text imply regarding cashless transactions?