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Venmo’s cashback play
It's racing to become your go-to payment app
Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.
What we’ll cover today:
💳 Venmo’s cashback game gets real
🏛️ Trump wants to launch a Bitcoin ETF
📉 Zelle is stealing peer-to-peer market share
🧾 Checkout wars: Venmo vs. Cash App vs. everyone else
Source : Rates
Venmo (owned by PayPal) is shifting from “send your friend ₹500” to “buy a Big Mac and get cashback.”
🚨Breaking News:
Venmo launched debit card perks like 15% cashback and expanded checkout access at top retailers and apps like Uber and TikTok.
⚡Wire Simplified –
Venmo’s debit card now gives cashback at Walmart, McDonald’s, Lyft, and more.
You can tap to pay, use it abroad (no extra fee), and auto-reload.
Monthly debit card users rose 40% this year.
Venmo checkout now works on apps like Uber, Domino’s, and TikTok.
Cash App still leads in debit card usage and total volume by a huge margin.
✔️Straight to the Point:
Venmo is racing to become your go-to payment app—but with Cash App ahead, it’s a cashback-powered uphill sprint.
🍔 Would you switch to Venmo just for 15% cashback at McDonald’s? |
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Source : slate
Trump’s media company, Truth Social, wants to launch a Bitcoin ETF — basically a fancy way to invest without owning crypto.
🚨Breaking News:
NYSE filed to list the Truth Social Bitcoin ETF, making Trump’s crypto ambitions one step closer to Wall Street reality.
⚡Wire Simplified –
ETF would let users invest in bitcoin without buying it directly.
It follows Trump Media’s earlier partnership with Crypto.com.
The crypto bundle may include bitcoin, Cronos, and traditional securities.
Market for bitcoin ETFs is already $130B+; BlackRock leads with $69B.
Trump’s company also announced a $2.5B bitcoin treasury move.
✔️Straight to the Point:
Trump’s ETF move mixes politics, crypto, and hype. But can it compete with BlackRock and win investor trust? TBD.
It took over 200 years for the U.S. debt to reach $12 trillion.
$12 trillion is how much we added in 4 years between 2020 and 2024.
— The Rabbit Hole (@TheRabbitHole84)
5:49 PM • Jun 4, 2025
A new spending bill should be drafted that doesn’t massively grow the deficit and increase the debt ceiling by 5 TRILLION DOLLARS
— Elon Musk (@elonmusk)
5:57 PM • Jun 4, 2025
Fintech Talents North America 2025
Fintech Talents North America is the ultimate FinTech event for credit unions, community banks, financial institutions, and FinTechs from across North America. The event offers networking opportunities, workshops, and discussions on the latest trends in FinTech.
Date: September 2–3, 2025 | Location: New York, NY, USA
24 Fintech 2025
24 Fintech is a global FinTech movement that sets the stage for the next chapter in financial technology. The event brings together industry leaders to discuss the future of FinTech, including topics like digital currencies, AI, and open banking.
Date: September 2025 | Location: Riyadh, Saudi Arabia
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