Venmo Users Can Now Buy Cryptocurrency

Venmo announced today that it would begin the rollout of Crypto on Venmo, allowing consumers to buy, sell, and hold four cryptocurrencies directly through the mobile app: Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. The company expects the service to be available to all 70 million Venmo users within the next few weeks.

The Crypto on Venmo app. Image source: PayPal.

According to a 2020 survey, over 30% of Venmo users have already purchased crypto or equities, and a significant portion started their investment journey during the pandemic. Now, with this new service, consumers can safely buy cryptocurrencies with as little as $1. Users will also have access to educational materials like in-app guides, videos, and cryptocurrency trends.

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Source Fool.com