Venmo, the mobile payment platform owned by PayPal, is launching the ability for its customers to transfer bitcoin to other Venmo users, PayPal accounts and external wallets and exchanges, starting in May 2023. The company says the move is in response to increasing customer demand for digital asset management options.

According to the announcement, more than 50% of its cryptocurrency-using customers chose Venmo due to its safety, security and ease of use, while more than 74% of customers have continued to hold their cryptocurrency in their Venmo account over the past year.

https://bitcoinmagazine.com/business/paypals-venmo-to-enable-ability-to-transfer-bitcoin