CNN – Venmo announced on Tuesday that it is allowing its users to sell, buy and pay with cryptocurrency on the app.
Venmo, which is owned by PayPal, said its more than 70 million customers can buy bitcoin, ethereum, litecoin and bitcoin cash for as little as $1.
Cryptocurrency is often daunting to newbies, so Venmo is offering in-app guides and videos to help answer frequently asked questions.
More than 30% of Venmo customers have already started purchasing cryptocurrency or equities, according to the payments company. And 20% of those customers started doing so during the pandemic.