Venmo was down for few hours this past Monday. This was a brutal factor for people who are relied on such method of payment. However, other people think this is usual. Let’s take a look at the factors that are involved with the payment app Venmo.

First of first, Venmo was a startup and now they are vulnerable to hackers and disruption within their systems. This goes along with any technology firm that they are gaining massive amounts of traffic and are trendy among users.

This is purely a good cause for Venmo in multiple ways. They need to expand their business and hire more employees. In addition, their project got more complex and need to store more data and make it sophisticated to traffic and hackers. Another reason is they need to be more reliable with their features.

Being reliable on the feature can mean to have the system add options if the payment doesn’t go through have it as a draft or delay payment. Another reason can mean that the payments can store their credit reserves for these upcoming schedule payments.

Venmo has been able to disrupt the banking system over the past few years. Now it’s the time to bring efficiency and fintech into play for their users. We get it they are not a bank to transfer large amounts of money. However, it doesn’t mean they are far from that side yet.

Venmo is basically making the traditional money transfer business look amateur and weak as they are gaining traction on users and now need to go on another level of sophistication. This is something that startup face when they become big and operate small their project gets stuck in deadlock that will turn into a crisis mode to make it work.

Venmo is the reason we love to hang out with friends and not use cash and this is something that we want to rely on for our future as well. This is the time to rethink about strategy of technology firms as they are making changes and they can’t fixate the mistakes within their deadlock operation which is a common thing for them.

They do a good service for people to make the money flow easier among friends and family and they are very careful with how they are operating on their business transfers. Although the app was able to run after few hours without any trouble. However, every major startup that is big and becomes known they will be vulnerable to shut down and dilemma with their cause.

This is another reason that traditional companies should be considered integrating with technology firms on their vision and mission statement to further their growth and make it smoother for their users.