$BNB
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Social Momentum Summary
Total Engagement - Comments: 3, Retweets: 4, Likes: 4, Impressions: 118
Verbatim Community Citations & Social Evidence 2 source posts analyzed
V1 of Venmo was... a yogurt shop? "Today you just hop on @solana , and boom, you're able to process payments globally." But financial infrastructure used to be gated. @iqramband on the scrappy hack behind the first version of Venmo. Full episode below [Spoken audio]: Our merchant account was actually a yogurt shop that was started by a friend of mine and we operated out of the guise of being a yogurt business, selling yogurt to process credit cards. Now this sounds ludicrous, right? Like in today's time, you would never need to do that. You just hop on Solana and boom, you're able to process payments globally. There were no real ways to immediately be up and running and collecting someone's financial information and then transferring it. that infrastructure was gated so we used a yogurt shop's credit card processing rails and we were paying a little extra per transaction because we were doing online transactions when people would send Venmos back and forth they would see Yogorino on their statement which was like the yogurt shop. That's how we did the first version.
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