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Venmo embraces Crypto
Posted on 4/20/21 at 6:51 am
Posted on 4/20/21 at 6:51 am
SAN JOSE, Calif., April 20, 2021 /PRNewswire/ --
Venmo today announced the launch of crypto on Venmo, a new way for Venmo's more than 70 million customers to buy, hold and sell cryptocurrency directly within the Venmo app. Beginning to roll out today, crypto on Venmo offers customers a way to start their crypto journey alongside the many ways they already use Venmo to spend and manage their money.
Venmo customers can start their crypto journey with as little as $1 by clicking on "Crypto" in the Venmo menu at the top right in the app.
Question to MT: Will you use Venmo Crypto?? LINK
YouTube promo
Venmo today announced the launch of crypto on Venmo, a new way for Venmo's more than 70 million customers to buy, hold and sell cryptocurrency directly within the Venmo app. Beginning to roll out today, crypto on Venmo offers customers a way to start their crypto journey alongside the many ways they already use Venmo to spend and manage their money.
Venmo customers can start their crypto journey with as little as $1 by clicking on "Crypto" in the Venmo menu at the top right in the app.
Question to MT: Will you use Venmo Crypto?? LINK
YouTube promo
This post was edited on 4/20/21 at 7:09 am
7
Posted on 4/20/21 at 7:40 am to tigerpawl
it's easier to just get their wallet address and send the crypto directly? no third party?
Posted on 4/20/21 at 7:51 am to DVinBR
frick paypal
Posted on 4/20/21 at 8:10 am to tigerpawl
Will be nice if I can send from venmo straight to my crypto wallet.
I collect my rent on venmo
I collect my rent on venmo
Posted on 4/20/21 at 8:51 am to tigerpawl
Posted on 4/20/21 at 8:53 am to tigerpawl
Payment processor middle man, adds another currency to collect fees. News at 11 
At this point any middle man must be salivating at the idea of unconstrained/unregulated fees on crypto in the short term
At this point any middle man must be salivating at the idea of unconstrained/unregulated fees on crypto in the short term
Posted on 4/21/21 at 9:23 am to SkinnyTestaverde
quote:
frick paypal
Paypal owns Venmo...
Posted on 4/21/21 at 10:00 am to tigerpawl
Anybody figured out how this works yet? I can't find "crypto" in the app
Posted on 4/21/21 at 10:09 am to Triple Bogey
yea I don't have it either. apparently it's a rollout
but you're still only owning what amounts to a bitcoin derivative
I'd like some more clarity on how much "real" bitcoin venmo/paypal actually own
but you're still only owning what amounts to a bitcoin derivative
I'd like some more clarity on how much "real" bitcoin venmo/paypal actually own
Posted on 4/21/21 at 10:11 am to Delacroix
quote:
Paypal owns Venmo...
Why do you think I posted that
Anybody who lets PayPal control their money is an absolute yard. They will steal that shite in a heartbeat if you are any kind of vendor or have income coming in. They never side with the seller ever
frick paypal
Posted on 4/21/21 at 10:19 am to SkinnyTestaverde
quote:
frick paypal
Yup. My account is still negative after a scammer made a legit purchase but the buyer filed a complaint
This post was edited on 4/21/21 at 10:20 am
Posted on 4/21/21 at 10:41 am to tigerpawl
I have been saying Texas should make their own coin. I'm starting to think it would be a better idea to somehow implement a system of commerce for crypto currencies within the state amongst the taxpayers and the private sector. You could rake in taxpayers from high tax states at an even greater speed and force the Federal government's hand and other states to compete. I'm sure there are legal barriers 
Posted on 4/21/21 at 11:07 am to wutangfinancial
interesting idea actually
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