Venmo now lets you send crypto to other users for some reason
This looks to be Venmo’s attempt to simplify the often-confusing task of sending crypto to other people. To that end, the company says this feat is easily accomplished in a “few simple steps.” Just head to the Crypto tab, tap the transfer arrow and follow the prompts. Venmo’s new platform also lets you send currency to Paypal handles and any external crypto wallet. You can also tap Receive to display a QR code that’s embedded with your unique crypto address.
This does seem much easier than rival platforms, but this is crypto, so there is a major caveat. These transfers are not protected in any way, shape or form. They cannot be canceled or reversed, so triple-check the Venmo handle or wallet address before slapping that send button. Once it’s gone, it’s gone.and Venmo says the update will begin rolling out to users in the next week, but this is a tiered update, so it could be until the end of May before everyone has access to the feature.
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