Mobile Payments Giant Venmo Launches New Crypto Transfer Service With Parent Company PayPal
Mobile payment giant Venmo has just announced plans to launch a new feature that will allow the platform’s 70 million+ users to transfer crypto assets.
According to a new press release, the feature will allow customers to transfer crypto to other Venmo users as well as move digital assets to external wallets and exchanges.
Venmo customers can also move their cryptos to any account with PayPal, the company’s parent company.
The transmissions are scheduled to start in May.
Venmo first enabled crypto purchases in April 2021 and currently supports the buying and selling of four crypto assets: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH).
The payments giant also introduced crypto cashback rewards for its credit card users in August 2021.
PayPal says the new crypto transfers will be easy for customers.
“Venmo customers can navigate to the Crypto tab in the Venmo app, view their coins, then tap the transfer arrows and send crypto — either to a Venmo account or by entering a recipient’s wallet address to send them.” purse to send to PayPal or other external address. Each customer can also tap receive to view their unique crypto address QR code that can be shared with other people.”
PayPal also says it intends to “launch more crypto products and services in the coming year.”
Don’t miss a thing – Sign up to receive crypto email alerts straight to your inbox
Check the price action
Follow us on Twitter, Facebook and Telegram
Surf the Daily Hodl Mix
Check the latest headlines
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any risky investments in bitcoin, cryptocurrency or digital assets. Please note that you transfer and trade at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Halfway
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.