Venmo Allows Users to Buy Cryptos Automatically with Their Rewards
Main page News, Cryptocurrency
Hot topic
11 August
542 542

Venmo, a popular payments company owned by payments giant PayPal, has just announced its users can now automatically convert their rewards into cryptocurrencies.

According to the announcement shared yesterday by the company, the new "Cash Back to Crypto" service allows credit card users to spend their cash back rewards on digital assets hosted on the platform.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

The company offers cash back, ranging from 1% to 3%, to its credit card users on certain purchases.

The company currently supports Bitcoin, Ethereum, Litecoin and Bitcoin Cash. This new functionality can be activated by selecting the rewards tab on the credit card home screen. Purchases can be made manually or set up automatically.

A few weeks ago it was known PayPal has increased to $100,000 the weekly limit for buying cryptos on the platform. The previous limit was set at $20,000.

Read also:
Please describe the error