[klenwell]

"When people trust you, you can pull money from their accounts at will."

Hadn't heard of Venmo before this. But yeah, that sounds like it could be pretty disruptive.

[adw]

They're not doing much that's dramatically new - check out the M-PESA system, which is massive in North Africa...

[steveklabnik]

I've had an account with them for a while, and I met them at SXSW. I'm not sure what they're publicly saying or not, but they've got some really cool stuff in the works with that feature...

They're a company that I'm excited about, because I've found them useful a ton of times since I've heard of the idea. One of those "you never knew how useful it was until you had it" kind of things.