People sent $1.6B over Venmo in Q2 2015 – more than double this time last year

♠ Posted by channel-top-news in business & culture,International technology news,it news,science,technology,technology news,The Next Web » Apps,Web Application at 13:04

I haven’t written more than a single check in the past year, and it’s because of Venmo. It has become my go-to for everything that requires me exchanging money with someone, from settling up with friends after brunch to sending my roommate my portion of this month’s utility bill. As it turns out, I’m not alone. In eBay’s Q2 earnings, the company dropped an interesting nugget of information: In the past three months, People have sent $1.6 billion dollars using the service — an increase of 247 percent year over year. Venmo has exploded over the past year, and its mobile…

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