{"id":10780,"date":"2021-08-10T22:54:07","date_gmt":"2021-08-10T22:54:07","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/paypals-venmo-launches-cash-back-to-crypto-feature-to-auto-purchase-cryptocurrencies\/"},"modified":"2021-08-10T22:54:07","modified_gmt":"2021-08-10T22:54:07","slug":"paypals-venmo-launches-cash-back-to-crypto-feature-to-auto-purchase-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/paypals-venmo-launches-cash-back-to-crypto-feature-to-auto-purchase-cryptocurrencies\/","title":{"rendered":"Paypal\u2019s Venmo Launches \u2018Cash Back to Crypto\u2019 Feature to Auto Purchase Cryptocurrencies"},"content":{"rendered":"

Venmo, a Paypal service, has introduced the \u201cCash Back to Crypto\u201d feature to allow credit card customers to automatically buy four types of cryptocurrencies with their cash back without incurring transaction fees.<\/strong><\/p>\n

Cash Back to Crypto on Venmo<\/h2>\n

Payments giant Paypal announced Tuesday a new feature on its Venmo platform called \u201cCash Back to Crypto\u201d that enables Venmo credit card customers to \u201cuse monthly cash back in their Venmo account to auto-purchase cryptocurrency of choice, with no transaction fees.\u201d The announcement details:<\/p>\n

Starting today, Cash Back to Crypto will be rolling out to Venmo Credit Cardholders, offering more ways to use cash back and expanding on Venmo\u2019s crypto functionality, which launched earlier this year.<\/p>\n

Cash Back to Crypto will be available to all eligible Venmo Credit cardholders in the coming weeks, the company noted.<\/p>\n

Venmo launched<\/a> crypto trading on its platform in April, allowing over 70 million users access to four types of cryptocurrencies: bitcoin (BTC<\/a>), ether (ETH<\/a>), litecoin (LTC<\/a>), and bitcoin cash (BCH<\/a>).<\/p>\n

\u201cCustomers will be able to manage their cash back to crypto auto-purchases in real time and can choose to change their crypto of choice at any time,\u201d the announcement adds, elaborating:<\/p>\n

Purchases made from their Venmo account using the auto-purchase feature with Cash Back to Crypto will not have any transaction fee associated with the purchase, with a cryptocurrency conversion spread built into each monthly transaction.<\/p>\n

<\/p>\n

Paypal is currently hiring<\/a> over 100 positions, including for Venmo, to expand its crypto service. The company recently revealed its expansion plans<\/a>, including via a new wallet \u201csuper app,\u201d open banking integration, U.K. expansion, and third-party wallet transfers.<\/p>\n

\u201cWe continue to be really pleased with the momentum we\u2019re seeing on crypto and we\u2019re obviously adding incremental functionality into that,\u201d said<\/a> Paypal CEO Dan Schulman.<\/p>\n

What do you think about Venmo\u2019s Cash Back to Crypto feature? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nFinance, automatic purchase, Buy Bitcoin, buy cryptocurrencies, cash back to crypto, credit cards, Paypal, paypal crypto, Venmo, Venmo credit cards, venmo crypto, venmo cryptocurrency<\/p>\n","protected":false},"excerpt":{"rendered":"

Venmo, a Paypal service, has introduced the \u201cCash Back to Crypto\u201d feature to allow credit card customers to automatically buy four types of cryptocurrencies with their cash back without incurring transaction fees. Cash Back to Crypto on Venmo Payments giant Paypal announced Tuesday a new feature on its Venmo platform called \u201cCash Back to Crypto\u201d…<\/p>\n","protected":false},"author":0,"featured_media":10781,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-10780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/10780"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=10780"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/10780\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/10781"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=10780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=10780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=10780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}