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📱 PayPal’s Venmo Introduces Crypto Cash-back Feature

The PSP giant expands its offerings related to cryptocurrencies

Hey Blockster, Some say it's better to stay on the safe side, but we disagree. Being successful today also means being ready to explore the unfamiliar, and keep an open mind. Paypal, for one, has been one of the early adopters of blockchain and cryptocurrencies – attracting, as a result, thousands of new users, as well as multi-million worth of transactions.   Venmo, a digital wallet and one of the PayPal brands, already commands an 18% share of the global crypto wallet users – but aims even higher by improving the UX for its crypto audience. Earlier this year, the service introduced a new way of interacting with cryptocurrencies: a crypto cashback feature.  How exactly does it work? The new feature allows users to receive a cashback on purchases made with specific merchants, while Venmo automates the process by allowing users to convert cashback to cryptocurrencies at zero charges.  For now, four of the most popular cryptocurrencies are supported, namely Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. However, as the feature continues to gain adoption, the platform could add support for more cryptocurrencies.  For more highlights of the Venmo crypto cash-back feature, read the full article on Blockdesk. Here are a few more stories by our star journalists which are trending on Blockdesk right now: Pitting XLM Against XRP – Which Altcoin Has The Best Outlook? – Recently, altcoin enthusiasts have been pitting Stellar with Ripple. There's a reason for that: both blockchains are designed to serve somewhat similar purposes. In this article, Shiraz Jagati compares the two assets to see which one has better potential. Saudi Arabia Studying Blockchain And DLT, But Will Not Eliminate Fiat Currency – Here's some CBDC news: while Saudi Arabia is working towards increasing electronic payments operations to 70% by 2025, it is not planning to eliminate physical cash. Nigeria, in the meanwhile, has become the first African country to launch its CBDC project: the eNaira. MetaMask Is Widely Used But Slow To Transact – Why Is It Popular? – Despite being slow to transact and feeling clunky at times, Metamask has over 10,000.000 users on the Chrome extension and over 5,000,00 downloads on the Google Play Store. Our author Sonja Salpeter set on a mission to find the reasons for its prevalence. 2 Factor Authentication Is Vital For Crypto Security – Here's Why – Unlike traditional payment solutions, crypto does not come with legal protections, and transactions are irreversible. And, as logins and passwords can be easily compromised, users need to look for additional security layers. Most Underrated Altcoins That Need More Attention – There are over 12,000 altcoins as of October 2021, accounting for nearly 60% of the total crypto market. Read this piece by Wayne Jones to find out which altcoins might be worth looking into this year. Hope you enjoyed today's crypto digest. Be sure to check back tomorrow, as we deliver a new collection of exciting crypto articles right into your inbox. See you soon! Cheers, The Blockster Team © 2021 Blockster. All rights reserved This message was sent to lelakikelasmenengah@gmail.com by info@blockster.com Queensway, Midtown, Giblartar GX11 1AA, Gibraltar Unsubscribe | Manage Subscription | Forward Email

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