Cryptocurrency Q&A Is Venmo a virtual currency?

Is Venmo a virtual currency?

Giuseppe Giuseppe Tue Oct 29 2024 | 6 answers 1350
I'm trying to figure out if Venmo can be considered a virtual currency. I've heard a lot about digital payment platforms and their relation to virtual currencies, but I'm not sure if Venmo falls into this category. Is Venmo a virtual currency?

6 answers

CryptoChieftainGuard CryptoChieftainGuard Thu Oct 31 2024
Venmo operates as a service under the umbrella of PayPal, Inc.

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DongdaemunTrendsetterStyleIconTrend DongdaemunTrendsetterStyleIconTrend Thu Oct 31 2024
Despite being part of the same company, the Cryptocurrency services offered by Venmo are distinct from those provided by PayPal.

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SakuraTide SakuraTide Thu Oct 31 2024
Users who possess a Venmo account and wish to engage with PayPal's Cryptocurrency offerings must follow a separate registration process.

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EthereumEagle EthereumEagle Thu Oct 31 2024
To access PayPal's Cryptocurrency services, individuals are required to sign up for a Personal PayPal Cash account.

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Nicola Nicola Wed Oct 30 2024
Alternatively, users can opt for a Cash Plus account, which also grants access to PayPal's Cryptocurrency services.

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