Wednesday 21st April, 2021
PayPal owned by Venmo has announced the launch of crypto on Venmo, a new way for its 70 million customers to buy, hold and sell cryptocurrency directly within the Venmo app.
Crypto on Venmo now offers customers a way to start their crypto journey alongside the many ways they already use Venmo to spend and manage their money.
Customers using crypto on Venmo can choose from four types of cryptocurrency: Bitcoin, Ethereum, Litecoin and Bitcoin Cash. When they make transactions, they can also choose to share their crypto journey with their friends through the Venmo feed.
"Crypto on Venmo is a new way for the Venmo community to start exploring the world of crypto, within the Venmo environment they trust and rely on as a key component of their everyday financial lives," said Darrell Esch, SVP and GM, Venmo. "No matter where you are in your cryptocurrency journey, crypto on Venmo will help our community to learn and explore cryptocurrencies on a trusted platform and directly in the app they know and love. Our goal is to provide our customers with an easy-to-use platform that simplifies the process of buying and selling cryptocurrencies and demystifies some of the common questions and misconceptions that consumers may have."