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How to use Venmo, the app that young people are using to replace cash

Nathan McaloneMay 3, 2016, 23:54 IST

Flickr/Alpha

Venmo has turned from a simple way to pay friends into a cultural juggernaut.

Like "Ubering" and "Googling," Venmo has become a verb: "Venmo me." There have been concerns about Venmo's security and a Federal Trade Commission investigation, but the app has continued its meteoric growth. Venmo, which is now owned by PayPal, saw its volume of payments grow 154% year over year in Q1 of 2016, ballooning to $3.2 billion.

Why? Because Venmo is an easy and free way to pay back your friends when you don't have cash in your wallet. All it takes is a few clicks.

If you haven't yet dipped your toe into the Venmo pool, here is a basic walkthrough of the app: