Venmo Goes Litecoin: Why Adding Litecoin Transfers Makes It the Ultimate Super App
In recent years, digital payment platforms have revolutionized the way people conduct financial transactions. Venmo, a subsidiary of PayPal, has been at the forefront of this trend, making it easier for people to transfer money to one another with just a few taps on their mobile devices.
Now, Venmo has taken another step forward by adding the ability to send and receive Litecoin, making it a super app for those who use this popular cryptocurrency. This will introduce more than 78 million active users worldwide to the benefits of Litecoin. These benefits include savings, low fees to transfer, and the ability to make payments to anyone globally 24/7 without the need for a bank account.
With the ability to do Litecoin transfers next month, Venmo users will be able to easily send and receive Litecoin to one another, just like on PayPal. This new Venmo feature will make Venmo a one-stop shop for users who want to manage all their litecoin in one place.
In addition to Litecoin transfers, Venmo also allows users to buy, hold, and sell Litecoin directly within the app. This means that new users can easily invest in Litecoin without having to use a separate platform or wallet.
Venmo has its own credit card, which allows users to earn rewards in Litecoin automatically. This means that users can earn Litecoin simply by making purchases with their Venmo credit card, without having to go through any additional steps or processes.
When users are comfortable with a self-custody wallet outside of Venmo the litecoin they buy and earn on the Venmo app can be transferred to a wallet where they hold the private keys.
Venmo's integration with Litecoin has made it a super app for those who use this popular cryptocurrency. With the ability to send and receive Litecoin, buy and sell it within the app, and earn rewards in Litecoin through the Venmo credit card, Venmo has become a one-stop-shop for managing all of your digital payments. As digital payments continue to become more prevalent, Venmo's integration with Litecoin positions it well for continued growth and success in the years to come.