Venmo, PayPal to Enable Direct Cryptocurrency Purchases

Global payment platforms PayPal and Venmo are planning to offer direct crypto buying and selling to their users. According to informed sources, the service might become available in the next few months.

 Amid the reports of crypto offer, PayPal is hiring crypto and blockchain experts . The job descriptions they’re hiring for are publicly available on the company’s own job board. The listing describes that the hired person will be responsible for “new initiatives for PayPal global with a focus on agility, time-to-market and innovation. The first listing of note is for a job titled “Technical Lead – Crypto Engineer.” 

The global pandemic has forced people to turn to digital mode of payments and avoid cash transactions. Governments all over the world have also started paying serious attention to the central bank-backed digital currencies. 

Many private companies have acknowledged the power of decentralized currencies and are working to integrate them with their businesses.