Venmo reportedly tests a prepaid debit card
Venmo is reportedly testing a prepaid debit card that would enable the company's mobile app users to pay for goods and services at brick-and-mortar retailers using the funds stored in their Venmo account, according to a report from Recode.
Recode based its report on the public feeds of some Venmo employees that showed purchases from Chipotle and Taco Bell. Venmo enables its users to share purchases in the app's "news feed."
A Venmo spokesperson told Recode it "will continue to test, introduce and expand features that allow people to use Venmo to pay friends and shop. We have nothing to announce at this time."