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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
TechVenmo

Venmo Has Invited Some Users to Trial Its Ugly New Debit Card

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Natasha Bach
Natasha Bach
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By
Natasha Bach
Natasha Bach
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September 12, 2017, 6:28 AM ET
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Venmo is getting in on the debit card game.

In June, Recode reported that Venmo employees were testing a physical debit card, and now it looks like some users will be able to get in on the action as well. According to TechCrunch, Venmo has sent beta invitations to some users to try the card. The invitation will appear at the top of their Venmo feed.

Read: Meet Hoot, the Debit Card Just for Millennials

The free card will be attached to the user’s Venmo account, allowing them to use it to purchase items in stores and online like a normal debit card. The only distinguishing feature is that the money will be debited from the user’s Venmo balance.

Read: Square Starts Rolling Out Its Own Debit Card

While Venmo confirmed the test, they also told TechCrunch that “beta features are not guaranteed to see general release.” Only time will tell if the response is positive enough to warrant a wider release, but Venmo is entering an already crowded space. Square, one of Venmo’s competitors is already testing its own card that is tied to the Square Cash App.

TechCrunch emphasized that Venmo’s version is “really, really ugly.” While not everyone chooses their debit cards based on design, some users may not be interested in the physical card at all.

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