Key Notes

Key Notes:

The integration creates a seamless on-ramp for Americans to buy cryptocurrency using their trusted and familiar Venmo accounts.Users benefit from enhanced payment flexibility while retaining complete control over their assets through Exodus’ self-custody wallet.This development coincides with growing mainstream crypto adoption, including institutional investment through ETFs and corporate treasury allocations.

Exodus, a leading Web3 wallet provider, has announced the integration of Venmo as a payment method, allowing users to purchase Bitcoin BTC $96 656 24h volatility: 1.3% Market cap: $1.92 T Vol. 24h: $17.95 B , Ethereum BTC $96 656 24h volatility: 1.3% Market cap: $1.92 T Vol. 24h: $17.95 B , and other digital assets directly through their Venmo accounts, via the Exodus Mobile wallet app.

According to Exodus, this development was made possible through Exodus’ partnership with MoonPay, a blockchain payments infrastructure provider.

Exodus stated that the new service is currently available only to Venmo customers in the United States. As one of the most widely used mobile payment services in the country, Venmo boasts more than 60 million monthly active users. This integration enables this vast user base to seamlessly access the crypto economy.

The Web3 wallet provider believes that adding Venmo as a payment option will enhance user convenience by offering greater payment flexibility and accessibility. The move aligns with Exodus’ goal of simplifying crypto adoption for everyday users.

Exodus already supports a variety of payment options, including PayPal, Apple Pay, Google Pay, debit and credit cards, and bank transfers. The company’s director of revenue operations, Kevin Wood, emphasized that the Venmo integration marks another milestone in Exodus’ mission to provide simple and efficient payment solutions.

“By integrating Venmo through MoonPay, we’re making cryptocurrency more accessible to tens of millions of Americans who already know, trust, and use Venmo for their daily transactions. This partnership represents another step in our mission to empower individuals in the digital economy,” said Wood.

Venmo and MoonPay initially entered a strategic partnership in October 2024, allowing Venmo users to purchase cryptocurrencies using their account balance.

🚨 Breaking News: Venmo’s 60 million users in the U.S. can now buy crypto using MoonPay!

💰 This new integration lets you buy all your favorite cryptocurrencies using your Venmo balance.

🚀 Live now and rolling out soon to the MoonPay partner network. pic.twitter.com/VoUjMCbOcS

— MoonPay 🟣 (@moonpay) October 17, 2024

With Exodus now added to the mix, users gain the additional benefit of self-custody, ensuring complete control over their digital assets without third-party intervention.

This three-way collaboration comes at a time when the crypto industry is gaining significant mainstream traction. Institutional players have increasingly entered the market through financial products such as spot Bitcoin and Ethereum exchange-traded funds (ETFs).

In 2024, major asset managers like BlackRock, Fidelity Investments, Franklin Templeton, and Grayscale Investments launched Bitcoin ETFs, providing traditional investors with indirect exposure to the crypto market.

Beyond ETFs, Bitcoin adoption has accelerated among corporations and financial institutions. Companies such as Semler Scientific, Metaplanet, KULR Technology, and Rumble have added Bitcoin to their strategic reserves. Even central banks, such as the Czech National Bank, have explored allocating reserves into Bitcoin.

Additionally, several US states are considering adding Bitcoin to their state treasuries, further solidifying its role in the broader financial ecosystem.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Chimamanda is a crypto enthusiast and experienced writer focusing on the dynamic world of cryptocurrencies. She joined the industry in 2019 and has since developed an interest in the emerging economy. She combines her passion for blockchain technology with her love for travel and food, bringing a fresh and engaging perspective to her work.

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