Venmo today announced Cash Back to Crypto, a new way for Venmo Credit Card customers to automatically purchase cryptocurrency from their Venmo account using cash back earned from their card purchases. The new feature, which further enhances the Venmo Credit Card's dynamic rewards experience, expands choice in how customers can spend their cash back while allowing them to start exploring crypto within the Venmo environment they know and love. Starting today, Cash Back to Crypto will be rolling out to Venmo Credit Cardholders, offering more ways to use cash back and expanding on Venmo's crypto functionality, which ... (full story)

PayPal's popular Venmo app, which is best known as a way to pay friends or merchants, has added a credit card offering and a crypto-buying service in the last year. Now, it's combining the two. On Tuesday, Venmo announced a "cash back to crypto" feature that will let its credit card users ask for spending rewards to be paid out in one of the four cryptocurrencies that the platform supports: Bitcoin, Ethereum, Bitcoin Cash, or Litecoin. "Purchases made from their Venmo account using the auto-purchase feature with Cash Back to Crypto will not have any transaction fee associated with the purchase, with a cryptocurrency ... (full story)