Venmo is releasing a feature that will allow users the option to store, buy, and sell popular cryptocurrencies, PayPal announced on Tuesday. Similar to PayPal, Venmo will support four different cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. PayPal had said last year that Venmo would get support for cryptocurrencies.
You can get started with as little as $1, and transactions are managed from the app. Venmo said in a press release that it will begin rolling out the feature to some users today, and tells The Verge it anticipates that “most customers” will have access to cryptocurrencies in the app by the end of May.
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Author: Taylor Lyles