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, can also dispense Bitcoin through a partnership with Coinme. Coinstar machines, which let customers turn spare change into gift cards at retailers like ATMs handling cryptocurrency have popped up around the world, though they tend to charge hefty fees. El Salvador embraced Bitcoin as a national currency, though its adoption has been bumpy.īitcoin and other cryptocurrencies are now widely available at trading websites and through stock trading apps like Robinhood. Facebook is trying to launch a cryptocurrency, Diem, along with a consortium of partners. , Delta and DoorDash gift cards with Bitcoin. The currency is accepted as payment by AT&T and the Dallas Mavericks, and you can also purchase On Monday, Green Bay Packers quarterback Aaron Rodgers announced he would take a portion of his salary in Bitcoin through Cash App. Now Bitcoin is trading at around $63,000. Ten years ago, when Bitcoin - the original cryptocurrency - traded at about $15, digital coins were widely seen as the currency of online drug purchases. PayPal and Square, both publicly traded companies, didn't provide comment for this story because they were about to release their quarterly earnings reports, which legally bars them from talking to the media.Ĭryptocurrency has expanded in popularity over the last decade. , another cryptocurrency promoter and the chief executive of Twitter.) , supports only Bitcoin, the biggest and most widely known cryptocurrency. Venmo and its parent PayPal, which was co-founded by crypto enthusiast Elon Musk, offer Bitcoin, Ether and other forms of cryptocurrency.

"It's a great training wheels experience," said David Siemer, CEO of Wave Financial, an asset management firm that focuses on cryptocurrency. (A new Bitcoin-linked ETF that started trading last month will also help expand acceptance of digital money, analysts say.)

And unlike exchanges, which let you move crypto, PayPal and Venmo hang on to it unless you want to sell it through the same app.ĭespite their limitations, the availability of cryptocurrency on payment apps may help the public get comfortable with financial assets that've been cloaked in esoteric math and that are popularly associated with illegal online activities. Venmo,Īnd Cash App lock you into a transaction fee that might be cheaper if you comparison-shopped at more than one exchange. The convenience of buying cryptocurrency on payment apps, however, comes with trade-offs.