April 26, 2024

Markets news | Venmo app will work with cryptocurrency

Mobile payment app Venmo (owned by PayPal Holdings) will allow its users to purchase,sell and store cryptocurrencies.

For the next few weeks, everyoneusers of the application will be able to track the dynamics of four cryptocurrencies - bitcoin, ether, litecoin and bitcoin cash, as well as conduct transactions with them. This is all thanks to a partnership between PayPal and the cryptocurrency platform Paxos Trust Co.

Venmo users will have access to cryptocurrency transactions in the amount of $ 1 or more.

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