{"id":321257,"date":"2021-08-11T06:34:55","date_gmt":"2021-08-11T03:34:55","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/venmo-enables-users-to-automatically-buy-crypto-with-cash-back-rewards\/"},"modified":"2021-08-11T06:34:55","modified_gmt":"2021-08-11T03:34:55","slug":"venmo-enables-users-to-automatically-buy-crypto-with-cash-back-rewards","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/venmo-enables-users-to-automatically-buy-crypto-with-cash-back-rewards\/","title":{"rendered":"# Venmo enables users to automatically buy crypto with \u2018cash back\u2019 rewards"},"content":{"rendered":"<p>&#8220;<strong># Venmo enables users to automatically buy crypto with \u2018cash back\u2019 rewards   <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvNzhiOGJmYTUtZjE5ZS00MjBhLWE0NTUtZmJjMzI1ZjcwMjhiLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Paypal-owned payments firm Venmo has launched a new crypto &#8216;cash back&#8217; feature that includes zero transactions on crypto purchases. <\/p>\n<p>According to an Aug. 10 announcement, Venmo\u2019s \u201cCash Back to Crypto\u201d service went live yesterday and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/newsroom.paypal-corp.com\/2021-08-10-Introducing-Cash-Back-to-Crypto-with-the-Venmo-Credit-Card\">enables<\/a> credit card customers to spend their cashback rewards on digital assets hosted on the platform. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Say hello to Cash Back to Crypto with the Venmo Credit Card, rolling out to eligible cardholders over the coming weeks.<\/p>\n<p>Learn more \u2192 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/zvQfMxIZl5\">https:\/\/t.co\/zvQfMxIZl5<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/wcroWuaapW\">pic.twitter.com\/wcroWuaapW<\/a><\/p>\n<p>\u2014 Venmo (@Venmo) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Venmo\/status\/1425109693597245442?ref_src=twsrc%5Etfw\">August 10, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Venmo offers its credit cardholders between 1% and 3% cash back on select purchases, and the new feature also includes free transactions on any crypto purchases \u2014while conversion fees for sw<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ing between assets are built into each monthly transaction statement <\/p>\n<p>The payments firm currently supports Bitcoin, Ethereum, Litecoin and Bitcoin Cash and customers can activate the new feature by selecting the rewards tab of the credit card home screen. Purchases can be done manually or set up automatically. Darrell Esch, senior vice president and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> manager of Venmo said:<\/p>\n<blockquote><p>&#8220;The Cash Back to Crypto feature for the Venmo Credit Card offers customers a new way to start exploring the world of crypto, using their cash back earned each month to automatically and seamlessly purchase one  of four cryptocurrencies on Venmo.&#8221;<\/p><\/blockquote>\n<p>Venmo currently has around 70 million users in the U.S. and the platform initially launched crypto trading in late April this year. According to Paypal\u2019s second-quarter earning\u2019s call on July 28, Venmo\u2019s revenues have grown by 183% year-over-year and there has been strong adoption of crypto trading on the platform. <\/p>\n<p><em><strong>Related: Alchemy Pay to launch virtual crypto cards with Visa and Mastercard support<\/strong><\/em><\/p>\n<p>Paypal has been actively working to expand its crypto services since it first enabled crypto purchases back in November 2020. <\/p>\n<p>On July 15 Cointelegraph reported that the firm increased purchasing limits of crypto to $100,000 per week. Later in the month during the Q2 conference the company announced plans to offer crypto trading to U.K. customers, while also teasing vague intentions to enter DeFi. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/venmo-enables-users-to-automatically-buy-crypto-with-cash-back-rewards\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Venmo enables users to automatically buy crypto with \u2018cash back\u2019 rewards &#8221; Paypal-owned payments firm Venmo has launched a new crypto &#8216;cash back&#8217; feature that includes zero transactions on crypto purchases. According to an Aug. 10 announcement, Venmo\u2019s \u201cCash Back to Crypto\u201d service went live yesterday and enables credit card customers to spend their&#8230;<\/p>\n","protected":false},"author":1,"featured_media":321258,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvNzhiOGJmYTUtZjE5ZS00MjBhLWE0NTUtZmJjMzI1ZjcwMjhiLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[82369,74889,76574,117,78807],"class_list":["post-321257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-crypto-credit-card","tag-payments","tag-paypal","tag-business","tag-credit-cards"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/321257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=321257"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/321257\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/321258"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=321257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=321257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=321257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}