.PayPal expands crypto services for Venmo users, enabling easy transfers of digital assets
the cryptocurrency space in 2020 when it allowed users to buy, sell, and hold select cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
This move, which triggered a new bull run, came as a response to the growing interest in digital assets and the need for more accessible and user-friendly platforms. By making a foray into the crypto space, PayPal aimed to promote the adoption of cryptocurrencies and position itself as a leader in digital payments.
Following the initial launch, the company expanded these crypto services to all eligible U.S. customers and later introduced the"Checkout with Crypto" feature, allowing users to make purchases at millions of online merchants using their cryptocurrency holdings. Since then, the company has continued to develop its cryptocurrency offerings. The latest update is expected to roll out to Venmo customers over the coming weeks, starting in May 2023.
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