TechFlow news, according to The Block, nearly a year after PayPal enabled its users to conduct cryptocurrency transfers, the company is now rolling out similar functionality for over 60 million Venmo customers in the United States. In a statement, the company said that starting next month, Venmo users will be able to transfer funds to PayPal accounts as well as to external wallets and exchanges.
Last June, PayPal began allowing users to send Bitcoin, Ethereum, Bitcoin Cash, and Litecoin to external wallets.
PayPal acquired Venmo in 2013. According to PayPal's recent earnings report, in 2022 Venmo processed $245.3 billion in fiat transactions.
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