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Apple Pay Cash Is Coming For Venmo's Business

With the release of iOS 11.2 this week, Apple hasn’t just fixed a handful of pesky bugs. The second major update to iOS 11 introduces a potential Venmo killer: Apple Pay Cash. Apple’s new peer-to-peer payment service has a chance to upset existing leaders in the space, including PayPal, Square Cash, and the aforementioned poster child of peer-to-peer payments, Venmo. Apple Pay Cash works nearly identically to existing digital payment systems: You can use it to send or receive money directly from contacts.
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