Cash App eclipsed Venmo during the pandemic, according to this one metric

Since the coronavirus pandemic hit in the United States earlier this year, a surprising trend has emerged. While businesses have been hit by lockdowns and consumers have been forced to stay home, not only has commercial value transfer shifted to digital on a greater scale, but also peer-to-peer value transfer. Payment apps like Cash App and Venmo have seen a surge in users and activity, according to app analytics firm Apptopia. The reason behind this surge isn’t completely clear, but it’s presumably driven by the increased necessity to support friends and family who are affected by the economic fallout, by sending…

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