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Which digital currencies are accepted by international money transfer apps?

avatarthishonDec 18, 2021 · 3 years ago3 answers

When it comes to international money transfer apps, which digital currencies are commonly accepted? I'm curious to know if popular apps like PayPal, Venmo, or Cash App support cryptocurrencies as a form of payment.

Which digital currencies are accepted by international money transfer apps?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Yes, some international money transfer apps do accept digital currencies as a form of payment. For example, PayPal has recently started allowing users to buy, hold, and sell cryptocurrencies directly within their platform. Venmo, a popular peer-to-peer payment app, also supports cryptocurrencies like Bitcoin and Ethereum. Cash App, another widely used money transfer app, allows users to buy and sell Bitcoin. However, it's important to note that not all apps accept all digital currencies, so it's best to check with the specific app you're using to see which cryptocurrencies they support.
  • avatarDec 18, 2021 · 3 years ago
    Absolutely! Many international money transfer apps have recognized the growing popularity of digital currencies and have started integrating them into their platforms. PayPal, for instance, has made a significant move by enabling users to transact with cryptocurrencies. Venmo, on the other hand, has also jumped on the bandwagon and allows users to buy, sell, and hold cryptocurrencies like Bitcoin and Ethereum. Cash App, known for its user-friendly interface, has also embraced the trend and offers Bitcoin trading services. It's exciting to see how these apps are adapting to the changing financial landscape.
  • avatarDec 18, 2021 · 3 years ago
    Yes, international money transfer apps have started accepting digital currencies to cater to the increasing demand for cryptocurrency transactions. PayPal, for instance, has expanded its services to include the buying, selling, and holding of cryptocurrencies. Venmo, a subsidiary of PayPal, has also followed suit and allows users to buy, sell, and hold cryptocurrencies like Bitcoin and Ethereum. Cash App, a popular money transfer app, has integrated Bitcoin trading into its platform, making it easier for users to invest in digital assets. It's great to see these apps embracing the future of finance.