PayPal’s Venmo To Enable Ability To Transfer Bitcoin To External Wallets In May

2023-4-29 20:41

Users who have purchased bitcoin through the app will now be able to take self-custody of their BTC, as well as send it directly to other Venmo users.

Venmo, the mobile payment platform owned by PayPal, is launching the ability for its customers to transfer bitcoin to other Venmo users, PayPal accounts and external wallets and exchanges, starting in May 2023. The company says the move is in response to increasing customer demand for digital asset management options. According to the announcement, more than 50% of its cryptocurrency-using customers chose Venmo due to its safety, security and ease of use, while more than 74% of customers have continued to hold their cryptocurrency in their Venmo account over the past year.

The transfer process is designed to be simple and can be done in a few steps via the Venmo app. Customers can navigate to the Crypto tab, view their assets, tap the Transfer arrows and choose to send bitcoin to a Venmo account, or by entering a recipient’s wallet address to send to PayPal or another external wallet. Customers can also tap Receive to display their unique bitcoin address QR code, which can be shared with other people.

Venmo is quick to note that cryptocurrency transfers cannot be canceled or reversed, which is something that can be difficult for new Bitcoin users to get used to, but eliminates chargebacks and other complications presented by fiat rails.

“Crypto transfers will be rolling out to Venmo customers over the coming weeks starting in May 2023,” Venmo said in a press release. “We’re excited to connect Venmo’s customers to the community, other wallets and exchanges, and we intend to continue to roll out additional crypto products and services in the year ahead.”

Being one of the largest mobile finance applications in the United States and a first step into bitcoin for many, this update now introduces users to the ability to take self-custody of their bitcoin, an essential step in realizing the full properties bitcoin entails. Venmo’s decision to add this feature demonstrates their understanding of the growing demand for users’ ability to take full control of their bitcoin, preventing mishaps related to trusted third-parties.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 97953.94 (+0.21%)
Объем 24H $95.317b
Изменеия 24h: 4.70 %, 7d: 7.09 %
Cегодня L: $94006.77 - H: $98156.69
Капитализация $1938.056b Rank 1
Цена в час новости $ 29356.89 (233.67%)

bitcoin users venmo take able self-custody well

Источник: bitcoinmagazine.com

bitcoin users → Результатов: 126


Фото:

Here’s Why the PayPal News May Signal a Global Bitcoin “Hash War” is Looming

The crypto sphere was lit ablaze by news that PayPal and Venmo are both looking to roll out direct crypto trading capabilities to their users This comes as their competitor, CashApp, sees massive revenue inflows from its Bitcoin sales This is certainly a sign of growing retail adoption, and will place Bitcoin in front of the platform’s 325 million users scattered across the globe One prominent Bitcoin advocate is now noting that this marks the […]

2020-6-24 02:00


Фото:

Behind the scenes: Electrum hackers steal $4M with Bitcoin phishing attacks

Electrum Bitcoin wallet users have lost 771 BTC (approximately $4 million) since late December 2018, in an ongoing series of targeted phishing attacks. According to research released by Malwarebytes Labs, fraudsters were able to trick unsuspecting users into downloading a malicious version of the wallet by exploiting a weakness in the software.

2019-4-16 18:02


Фото:

Mt. Gox Gets Closer to Returning Over 141,000 Bitcoin To Its Users

Mt. Gox is in possession of over 141,000 Bitcoin and more than 142,000 Bitcoin Cash. Does this mean that users will finally get their funds back five years later? Mt. Gox Hodling Funds Worth Over Half a Billion Dollars Ever since the industry was rocked by the collapse of its biggest cryptocurrency exchange in 2014, it’s been a long and painful waiting period for users out of pocket.

2019-3-21 13:30


Bitcoin Wallet Samourai Warns Users of “Dusting Attack”

On October 25, 2018, the privacy-centric cryptocurrency wallet Samourai warned users via Twitter of a new type of tracking tactic called a “dusting attack. ” Biting the Dust According to tweets, the attack is an attempt to compromise the security and privacy of Samourai users by using “coin dust” to deanonymize users and linking their transactional inputs together.

2018-10-27 18:00


Фото:

Poloniex Revised Terms of Use, Shutters Services in Several Countries

With a revision to the popular exchange’s terms of use, users from a handful of jurisdictions will have their access to Poloniex shuttered. According to an October 18, 2018, update, “the websites and the services offered by Poloniex (as defined below) are NOT addressed to persons who have their registered office or place of residence in China, Germany, Pakistan, the U.

2018-10-26 22:46


Фото:

Blockchain Reveals New ‘Lockbox’ Hardware Wallet Made By Ledger

Cryptocurrency data and wallet provider Blockchain (formerly Blockchain. info) has announced it will offer users a dedicated hardware wallet in a new partnership with Ledger. A Blockchain-Only Hardware Wallet In a press release October 25, Blockchain said it was working with the French hardware wallet manufacturer to produce a device “exclusively compatible” with its online wallets.

2018-10-25 15:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Maker whale activity surges by 1400% - Time for MKR's price to break out?

Large transaction volumes for Maker rose by over 1,400% in just two days  Despite rising whale activity, technical indicators and on-chain metrics flashed mixed signals for MKR  Maker (MKRThe post Maker whale activity surges by 1400% - Time for MKR's price to break out? appeared first on AMBCrypto.

Is Ethereum set to outperform Bitcoin? Key data suggests...

Analysts predicted that Ethereum could outperform Bitcoin due to key indicators. Ethereum spot ETF inflows and ascending price channels indicated potential price targets up to $10,000. EtherThe post Is Ethereum set to outperform Bitcoin? Key data suggests... appeared first on AMBCrypto.

QNT's latest breakout can push altcoin's price to THIS level...

QNT's breakout from its descending trendline and bullish indicators signaled potential gains to $229 On-chain metrics and declining exchange reserves highlighted growing demand and reduced sellThe post QNT's latest breakout can push altcoin's price to THIS level... appeared first on AMBCrypto.

XRP's $1 at risk? As trading volume drops 77%, concerns rise

XRP's $1 milestone seemed uncertain, as daily active addresses declined significantly. Ripple's trading volume dropped from almost $3 billion to around $207 million. After months of consolidThe post XRP's $1 at risk? As trading volume drops 77%, concerns rise appeared first on AMBCrypto.

NEAR rallies 12% in 7 days: Is $8 on the cards?

NEAR traded at $5.79 at press time, gaining 12% in seven days with $712M daily trading volume and $7B market cap. Futures Open Interest dropped 5% while TVL hit $260M, signaling steady ecosysteThe post NEAR rallies 12% in 7 days: Is $8 on the cards? appeared first on AMBCrypto.

TRON's USDT dominance - Here's what that means for TRX's price

TRX recorded gains of over 26.17% in the last 30 days TRON's USDT weekly volume surpassed 150 billion - A sign of strong adoption TRON, at the time of writing, was valued at $0.1986 with a mThe post TRON's USDT dominance - Here's what that means for TRX's price appeared first on AMBCrypto.

CVX crypto soars 20% in 24 hours - Is $5 the next target?

CVX crypto pumped 83% on the 19th of November; will the uptrend continue?  A notable whale could have triggered the wild upswing, per an analytics firm.  Convex Finance’s native token, CThe post CVX crypto soars 20% in 24 hours - Is $5 the next target? appeared first on AMBCrypto.