Venmo just put crypto access in the palm of everyone’s hand

New York (CNN Business) Bitcoin and similar cryptocurrencies have gone increasingly mainstream, but Tuesday’s announcement that Venmo is adding crypto support just put crypto access in the palm of everyone’s hand.

Venmo, which is owned by PayPal (PYPL), said its more than 70 million customers can buy bitcoin [and other coins] for as little as $1.

READ  Four-year college is not for everyone. We need to make more pathways available to students

Cryptocurrency can often feel confusing and inaccessible to newbies, so Venmo will offer in-app guides and videos to help answer commonly asked questions and share information about the world of crypto.

READ  FBI just authorized to access private computers

The payment company hopes that this new initiative “demystifies some of the common questions and misconceptions that consumers may have,” Darrell Esch, senior vice president and general manager at Venmo, said in a statement.


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.