PayPal (PYPL) is Rolling out Crypto on Venmo

Many prominent companies have thrown their lot in with cryptocurrency in the past year, including Paypal (PYPL).

In November of 2020, Paypal launched cryptocurrency trading options to compete with rival Square (SQ) …

Last week they began rolling out the ability to buy, sell, and exchange crypto directly on Venmo, PYPL’s peer-to-peer payment app.

Concurrent Mentions of Cryptocurrency and Venmo have surged since the rollout, currently up more +90% vs. the prior quarter (30-day moving average).