Venmo is adding support for cryptocurrency

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On Tuesday PayPal announced that, Venmo is adding a new feature that will give users the option to buy, hold and sell popular cryptocurrencies. Venmo will support four different cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.

Venmo said in a press release that it will begin rolling out the feature to some users today, and it anticipates that most customers will have access to cryptocurrencies in the app by the end of May.

Venmo’s support for cryptocurrencies could encourage more people to invest in them. Venmo is the latest payment app to offer support for cryptocurrency. PayPal allowed users to buy, hold, and sell cryptocurrency from the main PayPal app in November and added the ability for US users to make purchases with cryptocurrency in late March.

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