Venmo (and paypal and friends) are just little proprietary walled gardens, and if you want to exit the walled garden, you have to go through ACH. More rent-seek

Venmo (and paypal and friends) are just little proprietary walled gardens, and if you want to exit the walled garden, you have to go through ACH. More rent-seeking walled gardens -- who only exist because the default payment infrastructure in the US is slow obsolete shit -- is not a solution to this, better infrastructure (like UK's Faster Payments) is the solution.