PayPal's Venmo allows credit cardholders to buy crypto with cashback


FILE PHOTO: Representations of cryptocurrencies Bitcoin and Ethereum are placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/Illustration

(Reuters) - Paypal Holdings Inc-owned Venmo on Tuesday rolled out a feature that would allow holders of its credit cards to automatically buy cryptocurrencies with the cashback earned on their purchases.

Cardholders will be able to buy Bitcoin, Ethereum, Litecoin and Bitcoin Cash through the "Cash Back to Crypto" feature and will not be charged fees for the transaction, Venmo said in a statement.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Entrepreneur fined RM80,000 for using unauthorised communications equipment
Australian regulator says Musk's X should not set limits of internet law
Apple apologises for iPad ‘Crush’ ad after backlash
Amazon’s new fees on sellers likened to ‘kick in the gut’
Baidu executive quits after reviving toxic work culture debate
Microsoft plans mobile-game store, vying with Apple, Google
Apple to power AI servers with its chips, Bloomberg News reports
Australia targets social media with parliamentary probe
Elon Musk may be compelled to testify again in SEC's Twitter takeover probe
Apple apologizes for iPad Pro 'Crush' ad, Ad Age says

Others Also Read