PayPal Says Venmo Under Investigation in US by Consumer Regulator
The U.S. Consumer Financial Protection Bureau is probing the social payments app, according to Reuters.
Related News
Venmo has announced the rollout of its “crypto on Venmo” service, allowing over 70 million users to buy, sell, and hold four types of cryptocurrencies, including bitcoin, using the popular Venmo app. Venmo’s new crypto service further shows Paypal’s commitment to the crypto space, the company detailed. Venmo Launches Crypto Service Venmo, a service by Paypal, announced Tuesday the launch of “crypto on Venmo,” which it described as “a new way for Venmo’s more than 70 million customers to buy, hold and sell cryptocurrency directly within the....
Bitcoin is an entirely new paradigm of money, not a simple secondary payments layer built to increase ease of access like PayPal or Venmo.
Paypal keeps adding additional payment methods to its repertoire over the past twelve months. Little under a year ago, the company mentioned how Bitcoin payments will be integrated through PayPal subsidiary BrainTree, although not much has happened ever since. Earlier today, an announcement was made regarding the integration of peer-to-peer payment platform Venmo. Peer-to-peer payment solutions have a certain appeal, regardless of what age the user is. There is no better feeling than being able to send money directly to other peers while using a convenient way to do so. Venmo checks all....
Venmo, a Paypal service, has introduced the “Cash Back to Crypto” 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 “Cash Back to Crypto” that enables Venmo credit card customers to “use monthly cash back in their Venmo account to auto-purchase cryptocurrency of choice, with no transaction fees.” The announcement details: Starting today, Cash Back....
The CEO of payments giant Paypal, Dan Schulman, has revealed that the demand for cryptocurrencies has been “multiple-fold” of his company’s initial expectations. Paypal’s Venmo recently began rolling out cryptocurrency features to enable Venmo users to buy, sell and hold cryptocurrencies, including bitcoin. Demand for Cryptocurrencies Exceeds Paypal’s Expectations Paypal CEO Dan Schulman talked about cryptocurrency, particularly bitcoin, in an interview with Time Magazine, published Sunday. Paypal is present in more than 200 countries and deals in more than....