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BREAKING: PayPal’s Venmo Kicks off Crypto Holding and Trading Within App

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Tue, 04/20/2021 - 10:14
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Yuri Molchan
US payments giant is set to launch crypto holding and trading on its Venmo app mostly used by millennials
BREAKING: PayPal’s Venmo Kicks off Crypto Holding and Trading Within App
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According to the Bloomberg Terminal, global payments behemoth PayPal is about to kick off crypto holding, selling and purchasing within its Venmo app.

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PayPal first announced the start of operations with Bitcoin and several other cryptocurrencies in November last year, allowing its users to buy and store Bitcoin, Bitcoin Cash, Ethereum, etc and transfer them within its network.

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This year, PayPal promised to enable its customers to use crypto for making purchases from 26+ million merchants and begin using it via Venmo mobile app.

Venmo clients can start with as little as only $1 to work with cryptocurrencies. As expected by the app team, the majority of Venmo clients (around 40 million of them) will be able to access crypto by late May.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.