According to the official announcement, 60 million users of Venmo in the US can now buy cryptocurrencies with MoonPay. With this new integration, you can buy tokens with your Venmo balance. MoonPay says the feature is now live and will soon be available in the MoonPay partner network.
ENS Labs announced Tuesday that Paypal and Venmo have integrated the Ethereum Name Service (ENS) into their payment platforms, which means that U.S. users of Paypal and Venmo can enter an ENS domain name to send cryptocurrency without having to copy and paste a wallet address. Founded in 2017 with Ethereum funding, ENS has seen more than 2 million domains registered on the chain, more than 4 million domains registered off the chain, and Paypal and Venmo begin supporting cryptocurrencies in 2021.