Cryptocurrency continues its ascent to the mainstream as Venmo announced on Tuesday morning that users can now buy, sell, and hold crypto on the popular payment app. Venmo is used by more than 70 million customers, and now all of them have the ability to join the crypto craze, with Bitcoin, Ethereum, Litecoin, and Bitcoin Cash all available within the app. As with other transactions, you can share every crypto purchase and sale on your feed.
In order to "start your crypto journey," open the menu in the top-right corner of the Venmo app and tap on the Crypto option. If you do not see that option, then the new feature has yet to hit your app, and you should check the App Store or Google Play for an update. Once the option is available, you will be able to buy and sell cryptocurrency using funds from your balance in Venmo or with money from a linked credit card or bank account. All cryptocurrency transactions are handled through the Venmo app, so you won't need to jump around between services.
This announcement comes just months after PayPal (Venmo's parent company) brought cryptocurrency to its platform and weeks after it started settling transactions with crypto in the PayPal app.
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You can now buy, sell, and hold cryptocurrency on Venmo originally appeared on BGR.com on Tue, 20 Apr 2021 at 10:43:02 EDT. Please see our terms for use of feeds.
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