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Venmo adds debit card perks, checkout options in push to catch rival Cash App

1. Venmo expands into consumer commerce with enhanced debit card rewards. 2. Total payment volume for Venmo increased to $75.9 billion. 3. Venmo aims to capture daily consumer spending with new checkout options. 4. Transaction volume using Venmo surged 50% recently. 5. Venmo's market share in peer-to-peer payments continues to decline.

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FAQ

Why Bullish?

Venmo's expansion and increased transaction volume indicate future revenue growth potential.

How important is it?

Venmo's transformation directly ties to PayPal's financial performance and future growth prospects.

Why Short Term?

Improvements in user engagement and growth metrics can quickly influence stock performance.

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