PayPal's Crypto Push: 60M Venmo Users Can Now Transfer Crypto
PayPal Enables Crypto Transfer For Venmo According to PayPal ’s most recent earnings statement, Venmo — which PayPal acquired in 2013 — completed a total of $245.3 billion in transactions involving fiat currency in 2022 alone. In order to launch the new transfer mechanism, PayPal has formed a strategic partnership with Paxos, a cryptocurrency company that specializes in stablecoins. advertisement Read More: Can Terra’s New USTC Repeg Proposal Bring LUNC Price Back To $1? While speaking about the new development, the firm was quoted as saying: We’re excited to connect Venmo’s customers to the community, other wallets and exchanges, and we intend to continue to roll out additional crypto products and services in the year ahead. Trending Stories Planning To Buy Dip? Top 5 Cryptocurrencies Testing Key Support 24/7 Cryptocurrency News Rising Supply Pressure Traps XRP Price In Narro...