Venmo is officially launching its physical debit card

Just like Square, Venmo is accepting the reality that some people like having a physical payment card in their wallet. If nothing else, it's good having a backup for digital payments, and a card makes spending your Venmo balance in the real world more convenient. With its new iOS update today, Venmo is signaling a wide release of its debit card.

The company has been testing a physical Visa card for months, but for the official release, it looks like Venmo has switched to MasterCard and a vertical design. Users can now "get in line" for the Venmo debit card, and when it's ready to ship, they'll be able to choose from a selection of colors. Venmo's card has a chip for security, and an icon near that chip also indicates support for...

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