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Venmo is joining big brother PayPal in offering cryptocurrencies for the first time.
The payment app, starting Tuesday, will allow customers to buy, sell and hold cryptocurrencies, including bitcoin, bitcoin cash, Ethereum and Litecoin, by using traditional cash in one’s Venmo account.
PAYPAL HOLDINGS, INC.
"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," said Darrell Esch, SVP and GM, Venmo in a statement.
While dogecoin is not offered, the company tells FOX Business the suite of currencies is the same as Paypal's offerings which are based on "customer preference."
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