BREAKING: PayPal’s Venmo Kicks off Crypto Holding and Trading Within App
US payments giant is set to launch crypto holding and trading on its Venmo app mostly used by millennials
According to the Bloomberg Terminal, global payments behemoth PayPal is about to kick off crypto holding, selling and purchasing within its Venmo app.
PayPal first announced the start of operations with Bitcoin and several other cryptocurrencies in mid-fall last year, allowing its users to buy and store Bitcoin, Bitcoin Cash, Ethereum, etc and transfer them within its network.
This year, PayPal promised to enable its customers to use crypto for making purchases from 26+ million merchants and begin using it via Venmo mobile app.