[WATCH] PayPal-Owned Venmo Adds Crypto Support to its 70+ Million Customers for as Low as $1

0
485
JOIN US ON TELEGRAM

Venmo, a social payments app owned by payments giant, PayPal, has added crypto support for its more than 70 million customers in the United States.

This means that Venmo users can now buy, sell, and pay with crypto directly within the Venmo app for as little as $1.

___________________________________________________________________

SEE ALSO: [WATCH] ‘Checkout With Crypto’ Service Officially Launches on PayPal

___________________________________________________________________

This new development comes just a week after PayPal CEO, Dan Schulman, hinted at upcoming developments and after the company opened support for the use of crypto for everyday transactions.

In a statement, Darrell Esch, Senior VP and General Manager, Venmo, said:

“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.”

                      – General Manager, Venmo

Venmo is one of the most popular digital payments apps in the U.S. Its’s particularly popular among younger Americans who use the app to make payments or split purchases with friends and family.

In 2020, the app processed about $160 billion in payments and joins rival Cash App in enabling users to send and receive bitcoin with no fees on transactions.

Crypto on Venmo is rolling out starting today and should be available to all users within the next few weeks.

____________________________________________________________________

RECOMMENDED READING: Visa Becomes the First Major Payments Network to Settle Transactions in a US Dollar-Backed StableCoin (USDC)

____________________________________________________________________

Follow us on Twitter for latest posts and updates

Join and interact with our Telegram community

_____________________

Subscribe to the channel below to keep updated on latest news on video:

____________________________________________________________________

Start trading bitcoin today from as low as $10.

Open a Bizlato Bitcoin Trading Account to get started!

____________________________________________________________________

LEAVE A REPLY

Please enter your comment!
Please enter your name here