{"id":435530,"date":"2021-04-20T14:35:56","date_gmt":"2021-04-20T18:35:56","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=435530"},"modified":"2021-04-20T14:36:00","modified_gmt":"2021-04-20T18:36:00","slug":"venmo-adds-cryptocurrency-to-platform","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/venmo-adds-cryptocurrency-to-platform\/","title":{"rendered":"Venmo Adds Cryptocurrency To Platform"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">10<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fvenmo-adds-cryptocurrency-to-platform%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=435530&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/cndimages.nyc3.cdn.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/04\/fb_image-2955.jpeg?w=1200&amp;h=800&amp;ixlib=react-9.0.3\" class=\"ff-og-image-inserted\" \/><\/div>\n<p>On Tuesday, the payment app Venmo announced that it will allow people to use different forms of cryptocurrency on its platform.<\/p>\n<p>The app is owned by PayPal and plans to permit its users to buy, sell, and hold cryptocurrency, according to <a href=\"https:\/\/www.usatoday.com\/story\/tech\/2021\/04\/20\/venmo-cryptocurrency-buy-sell-bitcoin\/7292225002\/\">USA Today<\/a>.<\/p>\n<p>Venmo\u2019s <a href=\"https:\/\/venmo.com\/about\/crypto\/\">site<\/a> explained the change and invited users to get into cryptocurrency and explore using it. It told users they can start \u201cwith as little as $1\u201d and their first purchase \u201cdoesn\u2019t have to be huge,\u201d adding they can use payback from a previous coffee run to buy it.<\/p>\n<p>Venmo\u2019s website states, \u201cCrypto is volatile, so it can rise and fall in value quickly. Like all currencies, there\u2019s potential for gains and losses \u2013 so be sure to take it at a pace you\u2019re comfortable with.\u201d Users will be able to choose from four different types of cryptocurrency including Bitcoin, Ethereum, Litecoin, or Bitcoin Cash. People who use the app might not see the cryptocurrency option immediately available as the company rolls it out on the platform. Venmo will have videos on its platform for customers to learn how to use bitcoin and other forms of cryptocurrency.<\/p>\n<p>\u201cNo matter where you are in your cryptocurrency journey, crypto on Venmo will help our community to learn and explore cryptocurrencies on a trusted platform and directly in the app they know and love,\u201d Darrell Esch, senior vice president and general manager of Venmo, said in a statement.<\/p>\n<p>According to <a href=\"https:\/\/fortune.com\/2021\/04\/20\/venmo-app-adds-crypto-currency-trading-millennial-set\/\">Fortune<\/a> reporting, Venmo said that after conducting a customer survey in October, it discovered that 30% of the app\u2019s users were already trading crypto or stocks.<\/p>\n<p>\u201cOur goal is to provide our customers with an easy-to-use platform that simplifies the process of buying and selling cryptocurrencies and demystifies some of the common questions and misconceptions that consumers may have,\u201d Esch said.<\/p>\n<p>Users can also personalize their crypto purchases on their Venmo feed using stickers in order to share their bitcoin ventures with other users.<\/p>\n<p><a href=\"https:\/\/fortune.com\/2021\/04\/20\/venmo-app-adds-crypto-currency-trading-millennial-set\/\">Fortune reported that<\/a> other companies have recently included the use of digital currency on their platforms including Square, Visa, Mastercard, and others. \u201cFeeding the frenzy is the price of Bitcoin, the leading digital currency, which jumped from around $7,000 a year ago to over $56,000 on Monday, though it fell from an all-time high of more than $64,000 just a few days earlier,\u201d the outlet reported.<\/p>\n<p><a href=\"https:\/\/apnews.com\/article\/technology-financial-markets-bitcoin-business-149ed54379900682339e4b6b97b46805\">The Associated Press<\/a> reported that other major companies are now accepting Bitcoin as a method of payment \u2014<span class=\"Apple-converted-space\"> including Tesla for its cars. Venmo is not letting its customers use cryptocurrency to pay other users yet.&nbsp;<\/span><\/p>\n<p>In late January, Elon Musk added \u201c#bitcoin\u201d to his Twitter bio, causing the cryptocurrency to go up by more than 20%, suddenly making the type of currency potentially more valuable. <a href=\"https:\/\/www.dailywire.com\/news\/elon-musk-adds-bitcoin-to-his-twitter-bio-bitcoin-surges-by-20\">The Daily Wire<\/a> reported: \u201cAfter the CEO of SpaceX and Tesla, Inc., added the hashtag early on Friday morning, Bitcoin prices skyrocketed by as much as 20%, climbing suddenly in the early hours of the morning. According to cryptocurrency site CoinDesk, Bitcoin prices rose $5,000 in an hour to $37,299, increasing further to $37,653 by 8.00 a.m. E.T.\u201d<\/p>\n<p>There have even been instances of social media frenzies over currencies \u2014 such as \u201c<a href=\"https:\/\/twitter.com\/dogecoin\">dogecoin<\/a>\u201d \u2014 that have become popular in recent months.<\/p>\n<p><i><span>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a<\/span><\/i> <a href=\"https:\/\/www.dailywire.com\/subscribe\"><span>member<\/span><\/a><span>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Tuesday, the payment app Venmo announced that it will allow people to use different forms of cryptocurrency on its platform.The app is owned by PayPal and plans to permit &#8230;<\/p>\n","protected":false},"author":1,"featured_media":1891847,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-435530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/435530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=435530"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/435530\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1891847"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=435530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=435530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=435530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}