PayPal’s Venmo now allows users to buy and sell crypto
Venmo’s “Crypto on Venmo” starts to roll out today and will be available to its 70 million customers directly in the Venmo app within the next few weeks. The service will let its users buy, hold and sell crypto-assets (BTC, ETH, LTC and BCH) within its mobile app, using funds from their balance with Venmo, or a linked bank account or debit card. Similar to its parent company’s (PayPal) app, Crypto on Venmo is enabled through a partnership with Paxos, which facilitates the transactions behind the scene.
Deutsche Telekom Invests in Celo’s Crypto Network
Deutsche Telekom is purchasing Celo tokens in “significant” size, and investing in infrastructure to support the Celo network, which is working to build a decentralized version of Venmo-style peer-to-peer payment platforms. Celo maps user mobile phone numbers to the public key for a blockchain wallet, which simplifies access to crypto. Deutsche Telekom sees a variety of opportunities using Celo, including remittances.
WeWork Starts Utilizing Cryptocurrency As Form of Payment
WeWork has partnered with BitPay to accept crypto-assets (BTC, ETH, USDC,PAX and several others) in payment for its workspaces. WeWork will also hold the crypto-assets on its balance sheet, and pay landlords and third party partners in crypto-assets where applicable through Coinbase, a WeWork member. In addition, Coinbase will be the first WeWork member to use crypto-assets to pay for its WeWork membership.
TIME Offers Cryptocurrency as a Form of Payment for Digital Subscriptions
TIME will begin accepting crypto-assets as a form of payment for digital subscriptions through a new partnership with Crypto.com, only in the U.S. and Canada for now, with global access to roll out in the next several months.
Circle Selects Signature Bank for USDC Integration and Reserve Balances
Circle has partnered with Signature Bank to hold billions of dollars in reserve deposits related to USD Coin. The two companies also committed to a long term roadmap that will start with the integration of Circle into Signet, the Bank’s blockchain-based digital payments platform.
Dogecoin Beats Tether, DOGE Enters Top 5 Cryptocurrencies
Dogecoin (DOGE) became the 5th most valuable crypto-asset today after the total market cap of DOGE crossed $50 billion. DOGE received substantial support on social media from different celebrities, including Tesla CEO Elon Musk and rapper Snoop Dogg. Dogecoin became a trend on Twitter yesterday amid massive support from retail traders.
