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PARAGRAPHLONDON, April 20 Reuters - Venmo, the peer-to-peer payment service owned by PayPal Holdings Inc, said on Tuesday it has started allowing users to buy, hold and sell cryptocurrencies on its app, pyapal step that could inspire more mainstream adoption of link asset class.
Venmo's crypto launch also coincides a rally in virtual currencies.
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I'm Buying PayPal Stock!Fintech giant PayPal plans to roll out direct sales of cryptocurrency to its million users, according to three people familiar with the. Customers will have the ability to buy and sell cryptocurrency using funds from their balance with Venmo, or a linked bank account or debit card. News of Financial Tech companies Paypal PYPL +% and Venmo potentially looking to roll out crypto purchasing is energizing the digital asset space.
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