Venmo, the money transfer service owned by PayPal, has announced that users can now send cryptocurrencies directly to other Venmo customers. This move comes after Venmo launched an in-app trading platform for individuals to buy or sell cryptocurrencies earlier this year.
The ability to send crypto directly to other users aims to simplify the often-confusing task of transferring digital currencies. Venmo says the process can be easily accomplished in just a few simple steps. Users can head to the Crypto tab, tap the transfer arrow, and follow the prompts to send currency to other Venmo users, PayPal handles, or external crypto wallets. The app also allows users to display a QR code embedded with their unique crypto address, making it easier to receive payments.
