Venmo and cryptocurrency have one thing in common – both are booming right now.

Cashless and contactless payment methods have become extremely popular, particularly due to the coronavirus pandemic, while cryptocurrencies like Bitcoin have topped $ 50,000 for the first time since May.

One of the most popular payment sharing apps is Venmo, especially when it comes to sending money to friends to split a bill or to settle some type of debt. All you have to do is link your bank, debit or credit card account. However, be aware that there is a 3% charge to send money with a linked credit card. You can also trade selected cryptocurrencies.

Venmo offers the following cryptocurrencies for trading: Bitcoin, Ethereum, Litecoin and Bitcoin Cash.

All you have to do is open the Venmo app and select “Crypto” from the menu to get started. You can invest as little as $ 1.

Sign up for an account here.

What is cryptocurrency?

According to Coinbase, cryptocurrency is a digital asset designed to be used over the internet. It’s decentralized, which means it’s not controlled by the government or any other central agency like a bank.

If you would like to find out more about cryptocurrency and how it works, you can also register for an online course at any time. Courses are offered on the online platforms Coursera, LinkedIn Learning and Udemy.

If you’re interested in investing in other cryptocurrencies like Dogecoin and Cardano, here are some options to get you started:

Which retailers accept Venmo as a method of payment?

Here is a full list of merchants who accept Venmo direct as payment:

If you prefer a real card to an app, you can apply for a Venmo credit card through Visa or a debit card through Master Card in the app. You can track all purchase activity through the app.

Here are just a few of the merchants who accept Venmo credit and debit cards (Visa and Master Card) as payment:

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Nicolette Accardi can be reached at naccardi@njadvancemedia.com. Follow her on Twitter: @N_Accardi. Find NJ.com on Facebook. Do you have a tip? Tell us nj.com/tips

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