Exodus Wallet Integrates Venmo for US Users to Buy Crypto
Exodus has integrated Venmo as a payment method within its mobile wallet app, allowing users to purchase Bitcoin, Ethereum, and other digital assets directly through their Venmo accounts. This integration is facilitated by a partnership with MoonPay.
Key Points
- The service is currently available only to Venmo customers in the United States.
- Venmo has over 60 million monthly active users, enhancing crypto access for a large audience.
- Exodus aims to simplify crypto adoption and increase user convenience with this integration.
- Other payment options supported by Exodus include PayPal, Apple Pay, Google Pay, debit and credit cards, and bank transfers.
- The collaboration allows users to maintain self-custody of their digital assets without third-party intervention.
- This development aligns with growing mainstream traction in the crypto industry, highlighted by institutional investments in Bitcoin ETFs.
- Several corporations and financial institutions are adding Bitcoin to their reserves, and some US states are considering Bitcoin allocations for state treasuries.