Paypal announced plans to roll out a feature that allows over 70 million Venmo users to transfer cryptocurrencies to each other natively on the Venmo app.
Users will also be able to transfer to external wallets and crypto exchanges.
In a press release on April 28, Paypal said that the feature will be available to Venmo customers over the coming weeks beginning in May 2023.
Cryptocurrencies currently accepted on Venmo are bitcoin, ethereum, litecoin, and bitcoin cash.
Customers were urged to exercise utmost caution with the feature as the crypto transfers are irreversible and cannot be canceled.
Source: https://crypto.news/paypal-rolling-out-crypto-transfers-for-venmo-customers/