Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
- Venmo is set to launch crypto payment features in early May 2023.
- Recently, MetaMask users have been granted access to PayPal for cryptocurrency acquisitions.
Venmo, a digital payment platform in the United States, is preparing to implement cryptocurrency payments and transfers from fiat currencies as early as May. This announcement was made in a press release by Jose Fernandez da Ponte of PayPal, the parent organization, on April 28.
Related Posts
We are excited to announce a new feature: crypto transfers
Get started now. https://t.co/R9QtUENfae pic.twitter.com/UoeEAWVhlz
— Venmo (@Venmo) April 28, 2023
Get started now. https://t.co/R9QtUENfae pic.twitter.com/UoeEAWVhlzMoreover, Venmo is focused on facilitating smoother crypto transfers for its users. In 2021, it began offering Bitcoin purchases and subsequently introduced price alert notifications for popular cryptocurrencies, including Bitcoin and Ethereum.
The latest press release outlines various features within Venmo, such as the ‘crypto address QR code’ that enables users to receive cryptocurrencies from different addresses. Additionally, the PayPal executive noted that users will have options to explore, accompanied by a ‘use case’ for digital assets, as cryptocurrencies are increasingly used for immediate payments in the country.
Furthermore, PayPal supports Venmo in multiple ways, having collaborated with other crypto services for growth. Last December, it permitted MetaMask users to utilize PayPal accounts for cryptocurrency purchases, allowing direct transfers to their own custodial wallets. Now, they are eager to enable Venmo to assist its users with cryptocurrency transactions and exchanges in real time.
