This website uses cookies to ensure you get the best experience on our website
Join us on Telegram for FREE daily market updates!
Date:
21st Apr 2021
Author:
Dalmas Ngetich, for CryptoAltum News Team

70 Million Venmo Clients can now Trade and Store Bitcoin

Following PayPal's steps, Venmo nowsupportsthe trading and storing of four coins, including Bitcoin. Venmo will also be releasing video guides to answer some frequently asked questions. The move now heaps more pressure on competing giants like Google, Apple, and Facebook to integrate cryptocurrencies in their payment apps. 


Details:

Crypto adoption begins by integration, and soon more players will announce support for Bitcoin and others. Venmo, Square, and PayPal crypto support gives them a first-mover advantage. It also sets the ground for even more accelerated adoption in coming years at a time when crypto use is coming closer to mainstream adoption. Already, data reveals that some of their 70 million customers have begun buying cryptocurrencies.

 

Impact on the BTC Price:

Bullish. Venmo processes crypto purchases as low as $1, encouraging more people to buy coins of which BTC is ahead of the queue. Building on this news, theBTCUSD price recovered, closing above $56k.


More market news over on ourBlog

Risk Disclosure: Trading cryptocurrencies or any other financial instrument involves a significant level of risk and may result in a total loss of your investment. You should consider carefully whether investing in Bitcoin or any other instrument offered by CryptoAltum is appropriate to your financial situation. CryptoAltum only accepts deposits in Cryptocurrencies. By trading with CryptoAltum you acknowledge your understanding of this risk disclosure and your agreement with the Terms and Conditions.
  • Copyright Excel Innovations Ltd (CryptoAltum) 2020