Venmo Users Can Now Buy, Sell, and Hold Four Cryptocurrencies

PayPal’s sister company, Venmo, has just rolled out crypto capabilities to its audience of more than 70 million users.

Venmo Adds Crypto

Venmo will now allow its users to invest in Bitcoin, Ethereum, Litecoin, and Bitcoin Cash directly on the app via a new feature dubbed “Crypto on Venmo.” Users can purchase, hold, and sell crypto worth as little as $1 on the app.



The payments app has also added in-app guides and video tutorials to spread cryptocurrency education.

Darrell Esch, the senior VP and general manager at 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.”

PayPal first launched the service on its global web and mobile application service in October last year. Recently, the payments giant also moved to fund purchases using cryptocurrencies.

Crypto on Venmo will also use Paxos Trust Company for custody and PayPal’s “first-of-its-kind conditional Bitlicense by the New York State Department of Financial Services (NYDFS)” to offer cryptocurrency investment.


The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Source: Read Full Article