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Fortune
Fortune
Ben Weiss

New Venmo feature lets users transfer crypto to outside wallets—and to each other

Venmo Crypto PayPal United States Bitcoin
Someone holds a smartphone with the Venmo app open in front of a window. (Credit: Tiffany Hagler-Geard—Bloomberg/Getty Images)

Venmo soon will allow users to transfer their Bitcoin, Ethereum, Litecoin, and Bitcoin Cash to outside wallets—as well as to other users of the popular payment app.

The feature will roll out starting in May, according to a statement from PayPal, which acquired Venmo in 2013. Users can also transfer crypto to their wallets at PayPal, which released a similar ability in 2022.

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