PayPal’s Venmo has started buying and selling cryptocurrencies
Silicon Valley: Venmo, a subsidiary of PayPal, a well-known global money transfer service, has started buying and selling cryptocurrencies.
It should be noted that the purpose of “Venmo” service and app is to make the exchange of money between individuals easy and fast.
The service has more than 70 million subscribers and is especially popular among young Americans who use the same app to make money transactions with friends or family.
Despite the Corona epidemic last year, سروس 159 billion was transferred through the service.
Venmo has now added cryptocurrency transactions to its services, allowing ordinary consumers to buy and sell currencies such as Bitcoin, Ethereum, Light Coin and Bitcoin Cash for at least ڈالر 1. After which they have to publish their transactions in the app’s feed.
Not only this, with the help of Venmo you can do online shopping using cryptocurrency.
Cryptocurrency experts say PayPal’s subsidiary’s ability to conduct large-scale cryptocurrency transactions indicates that other financial institutions will not be able to ignore it.