Venmo will facilitate payments from fiat currency to crypto

Venmo users will soon be able to purchase cryptocurrencies and send them to other Venmo users or outside wallets starting in May, according to a statement made by PayPal executive Jose Fernandez da Ponte on April 28. Venmo’s parent company is PayPal.

[{"selector":"#anim-2a974603-76f3-40f6-8535-61c8e81487ab","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7c12bcc2-704f-45ef-819c-87f4616e3aa4","keyframes":{"transform":["translate3d(0px, -249.15951%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-40e899d5-6b0c-4038-86fa-672e1fbf0e66","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d49defb1-a943-4c77-ac99-e48a284b9062","keyframes":{"transform":["translate3d(-84.71502%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-49c01c0d-7e1f-46b7-9cc1-50861c363236","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c3265daf-d347-4be2-96a6-5e8d36f45a06","keyframes":{"transform":["translate3d(110.43478%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c2ace0f1-69c4-4e51-885b-553f9d571911","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ecb67018-9c2c-44eb-8296-0fd65d0dc581","keyframes":{"transform":["translate3d(0px, 411.72082%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The CEO claimed that by adding this capability, which he claimed has been effective when used on PayPal, Venmo users will have more options.

[{"selector":"#anim-a514dc87-fd22-4f0c-bb61-e33a11f0f304","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5fda66fd-42bc-4583-ba34-9a1a6cdabd35","keyframes":{"transform":["translate3d(0px, 201.42449%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-87dd27a9-e96e-4501-9b56-54c79dc1150b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3117f447-9b97-42f8-865f-4cc7233a9334","keyframes":{"transform":["translate3d(0px, 235.44062%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

[{"selector":"#anim-488509d8-718e-4bed-91ae-35e45fb01192 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Learn more