We are all familiar with Venmo, the PayPal-owned mobile payment app that allows you to send money instantly from your debit or credit card. You can transfer money to another person or business and let them use the funds in whatever manner they choose, like paying for a product, buying food, or donating money to a charity.

Venmo is the largest peer to peer payment app in the US, with over 80 million users. Digital payment services will only grow as a result of the company’s innovative business strategies and ability to allow users to purchase and sell Cryptocurrencies.

You might want to use Venmo instead of your local bank account for specific transactions or as your general checking account.