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Venmo now lets you buy and sell cryptocurrencies

Angela Lang/CNET

Venmo on Tuesday is rolling out the ability for people to buy, hold and sell cryptocurrencies within the social payments app. The app will support four types of digital coin: Bitcoin, Ethereum, Litecoin and Bitcoin Cash. 

"Our goal is to provide our customers with an easy-to-use platform that simplifies the process of buying and selling cryptocurrencies and demystifies some of the common questions and misconceptions that consumers may have," said Darrell Esch, senior vice president at Venmo, in a release. 

Venmo said customers can start using cryptocurrency -- or crypto for short -- in the app with as little as $1. People will be able to buy and sell crypto using funds from their Venmo balance or a linked bank account or debit card. Venmo is also offering in-app guides and videos to "help answer commonly asked questions and learn more about the world of crypto," the company said ...

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