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Network Effect and Venmo

https://www.forbes.com/sites/forbestechcouncil/2018/11/01/victory-over-venmo-nine-predictions-for-the-online-payments-space/#22a49b61651a This Forbes article discusses the importance of Venmo in online payments nowadays. There are nine major benefits and predictions discussed for the future of the platform. These include: innovation tempered with regulation, first-mover advantage, disrupting the banking industry, network effects, simplicity, platform owners’ advantage, shift towards mobile payments, existing social networks, and finance giants. […]

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