Venmo, the payment service linked to Paypal, will offer cryptocurrency trading. It will be used to easily buy and sell four different cryptocurrencies.
PayPay Holdings Inc. It was announced that Venmo, a mobile payment service application with more than 70 million users, will offer cryptocurrency trading services.
Venmo offers its customers 4 types of cryptocurrency options. These options are Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). Transactional customers can share with their friends via the Venmo feed, find answers to frequently asked questions, and get information by reviewing manuals.
At the launch of Crypto on Venmo, Darrell Esch, Senior Vice President of the company, PayPalmade the following statement regarding the development:
“Crypto on Venmo is a new way for the Venmo community to start exploring the crypto world. Wherever you are on your cryptocurrency journey, Crypto on Venmo will help our community learn and discover cryptocurrencies on a trusted platform and directly in the app they know and love. Our goal is to create a platform for our customers that simplifies the easy process of buying and selling cryptocurrency and exposes some common questions and misunderstandings that consumers may have. ”
In addition, it should be noted that the minimum transaction amount required to make cryptocurrency transactions on Venmo is $ 1.