Article reading time:
related article: He was bullied at school but now lives a lavish lifestyle thanks to trading in Bitcoin and other cryptocurrency
PayPal's Venmo payment service, which has more than 60 million customers in the US alone, will add the ability to transfer in cryptocurrency.
related article: Australian investor bought a 2,800sqm property in Charleville with money he earned by innovative financial tool
PayPal parent platform usersreceived a similar opportunity back in June last year. PayPal clients can work with BTC, ETH, BCH and LTC, but the list of cryptocurrencies supported by Venmo is not yet known.
“Customers will be able to transfer cryptocurrency assets not only between Venmo accounts, but also to PayPal accounts and external wallets, including addresses of cryptocurrency exchanges,” the company said in a statement.
The Venmo platform remains quite popular in the US, with $245.3 billion in fiat currency transfers last year.
Current users of cryptocurrencies in the USnot so much - according to a recent Pew Research Center study, two-thirds of Americans do not trust digital assets. At the same time, 17% of respondents reported that they invested or traded cryptocurrencies.
In February of this year, PayPal reported that the volume of cryptocurrencies in the accounts of the company's customers began to decline.