Imo, there's a meeting taking place, could be by Zoom, at Apple Pay, Google Android Pay and Samsung Pay where an executive or several are trying to explain why they do not have this https://www.cnbc.com/2021/04/20/bit...unches-cryptocurrency-buying-and-selling.html Venmo users can now buy and sell bitcoin and other cryptocurrencies PUBLISHED TUE, APR 20 20217:42 AM EDTUPDATED 5 HOURS AGO Ryan Browne@RYAN_BROWNE_ Venmo will show users a new feature that lets them invest in four different cryptocurrencies with a minimum spending requirement of $1. With more than 70 million users, Venmo is one of the most popular digital payment services in the U.S. Bitcoin and other digital currencies have surged in price in 2021 as companies like Tesla and PayPal have warmed to the space. PayPal’s Venmo to allow users to buy, hold, sell cryptocurrency PayPal’s Venmo mobile payment app will now let users buy, hold and sell bitcoin and other digital tokens, potentially a significant step toward moving cryptocurrencies into the mainstream. Starting Tuesday, Venmo will show users a new feature that lets them invest in four different cryptocurrencies — bitcoin, ether, litecoin and bitcoin cash — with a minimum spending requirement of $1. They can also share their crypto purchases with friends through Venmo’s social feed. The development expands on an initial move by PayPal to let users buy crypto through its main platform. More recently, the company started letting people use their crypto holdings to pay at millions of its online merchants globally. With more than 70 million users, Venmo is one of the most popular digital payment services in the U.S. It’s particularly popular among younger Americans who use the app to make payments or split purchases with friends and family. It competes with Square’s Cash App. “No 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,” said Darrell Esch, a senior vice president and general manager of Venmo. Esch added: “Our 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.” Bitcoin and other digital currencies have surged in price in 2021 on the back of increased interest from institutional investors, while major companies like Tesla and PayPal have also made significant moves in the space. Tesla bought $1.5 billion worth of bitcoin earlier this year and now accepts it as payment for its cars. PayPal, meanwhile, has been ramping up its investments in crypto. Last month, the payments giant said it had agreed to buy Curv, a start-up that helps clients store their digital tokens securely, for nearly $200 million. It has also established a new business unit focused on blockchain, which Curv is set to join. Venmo said its crypto feature was developed in partnership with blockchain infrastructure firm Paxos, which PayPal has also used for its other digital asset initiatives. PayPal was awarded a license to engage in crypto activities from New York regulators last year. While bitcoin bulls see it as a store of value akin to gold, not everyone is convinced by the digital currency’s stunning comeback — it previously sank as low as $3,122 in 2018 after climbing to almost $20,000 a year earlier. Skeptical economists view bitcoin as a bubble waiting to burst.
For those who understand this tech, how can you even purchase $1 worth of BTC? It would be a tiny fraction of the coin, and this transaction would need to be verified by BlockChain????
If you dont understand the most basic things about BTC, like layer 2s. Why do you feel qualified to comment on its value and whether it is a good investment?
This Venmo deal just shows we are clearly in frothy market territory and I am buying champagne for the party of 1999, I mean 2121.
do you need to know inner workings of internal combustion engine to get an idea if a car is good or crap???? I asked specific question how BTC gets split into tiny pieces worth $1usd. The power to process this transaction must be cost prohibitive. If you know the answer, would appreciate if you post it here. I know people do it all the time through various apps, but how does it work ?
No but you need to know what a car is and how useful it is before you can call it worthless. I wont post the answer, you need to study the inner workings of BTC. Here is where you will find the answers about how BTC works https://oiipdf.com/download/1956 Also, buy the physical copy as it is more updated
Yup, all these institutions that used to shun us (cryptos hodlers) are now bending the knees Bitcoin is a powerful user engagement tool Square was the first to add bitcoin. PayPal saw the effects on Square's platform and followed suit. PayPal published mind-blowing results of active users due to adding bitcoin and cryptos Visa and Mastercard are now going to integrate with bitcoin. BoNY also could not resist, and now Venmo Apple Pay, Google Pay and Samsung Pay are probably going to follow The only ones that are blind to this revolution are the nocoiners haterz on ET
They don't have a choice but to bend the knee. According to a 2020 Venmo Customer Behavior Study, over 30% of Venmo’s customers have already purchased crypto currencies or equities, 20% of which started doing that in the past year in the wake of the Covid-19 pandemic.
I think the cryptocurrency will soon be integrated into all services. a matter of time. bitcoin has proven its strength. haters will have to interact with the crypto too)