Brief Summary: PayPal subsidiary Venmo is set to introduce cryptocurrency transfers, allowing its 70 million users to buy, sell, and hold various cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. This move aims to capitalize on the growing popularity of digital currencies and marks another significant milestone for mainstream adoption of cryptocurrencies. Venmo's user-friendly platform will make it easier for a wider audience to access the crypto market and participate in the global shift toward digital assets.
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