PayPal’s parent platform users got 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 crypto assets not only between Venmo accounts, but also to PayPal accounts and external wallets, including crypto exchange addresses,” 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.
At the moment, there are not so many users of cryptocurrencies in the United States – according to a recent study by Pew Research Center, 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.
Source: Bits
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