77 Million Users Can Now Share Bitcoin As Venmo Adds Crypto Payments

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Venmo announced earlier today that it will be adding support for crypto payments for its more than 70 million users. This move will allow its users to buy, hold, and sell and cryptocurrencies like Bitcoin, Ethereum, Litecoin, and BCH directly in the app. Venmo Follows PayPal Path Toward Crypto Adoption The move is similar to Venmo’s parent company, PayPal, adding support for crypto which was announced late last year. However, Venmo’s platform will support four types of cryptocurrencies: Bitcoin, Ethereum, Litecoin and Bitcoin Cash. “Crypto on Venmo is a new way for the Venmo community to start exploring the world of crypto, within the Venmo environment they trust and rely on as a key component of their everyday financial lives,” Darrell Esch, SVP and GM of Venmo said. It appears that the move is targeted towards younger users of the platform. Venmo is skewed towards users who are in their…

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