Money-sharing apps: Know the risks, transfer cash safely Gabriella Dunn The Wichita Eagle New friend-to-friend money-sharing apps allow people to essentially wire money to one another with the tap of an app on their smartphone. The purpose is to eliminate the annoyance of split tabs for dinner, drinks, taxies, rent, bills or anything else that requires pesky change, cash, checks or ATM fees. Venmo, one of the most popular on the market, allows users to send and receive money from friends, acquaintances and strangers in close proximity. An analysis of U.S.