soccer-cleats

By

Nicolette Accardi | NJ Advance Media for NJ.com

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

Cashless and contactless payment methods have become exceptionally popular, especially due to the coronavirus pandemic, while cryptocurrencies such as Bitcoin have hit over $50,000 for the first time since May.

One of the most popular payment-sharing apps is Venmo, especially when it comes to sending friends money to split a bill or pay off a debt of some sort. All you have to do is link your bank, debit or credit card account. Do note, though, there is a 3% fee for sending money using a linked credit card. You can also trade select cryptocurrencies.

Venmo has the following cryptocurrencies available 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 a $1.

Sign up for an account here.

What is cryptocurrency?

Cryptocurrency is a digital asset designed to be used over the internet, according to Coinbase. It’s decentralized, meaning it isn’t controlled by the government or any other central authority such as a bank.

If you want to educate yourself more on cryptocurrency and how it works, you can always enroll in an online course, too. Courses are offered at online platforms Coursera, LinkedIn Learning and Udemy.

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

Bitcoin IRA

Coinbase

Kraken

Crypto.com

eToro

Gemini

Robinhood

Which retailers accept Venmo as payment?

Here’s a full list of retailers that directly accept Venmo as payment:

Abercrombie & Fitch

Boxed

CVS

Forever 21

Foot Locker

Grubhub

Hollister

Hulu

Jane.com

J.Crew

Lululemon

Poshmark

Mark your calendar for next Tuesday, we’ve got a workshop fory o u ! Join us in the UNF Field House to learn how… https://t.co/W8T2ZrxR30

— UNF Student Academic Success Services
Fri Oct 11 20:03:15 +0000 2019

Seamless

Uber Eats

Urban Outfitters

If you prefer an actual card versus an app, you can apply for a Venmo credit card through Visa or a debit card through Master Card on the app. You can keep track of all purchase activity through the app.

Here are just some of the retailers that accept Venmo credit and debit cards (Visa and Master Card) as payment:

Adidas

Amazon

Coach

Dick’s Sporting Goods

Home Depot

Kohl’s

Macy’s

Nike

Nordstrom

Samsung

The North Face

Under Armour

Walmart

Wayfair

RELATED STORIES ABOUT RETAIL AND SHOPPING:

These 8 companies are offering special discounts for teachers and students right now

Le Creuset factory sale has deals up to 50% off on Dutch ovens, pans, pots, skillets

Labor Day early mattress sales 2021: Deals from Casper, Tempur-Pedic, Mattress Firm, Nectar Sleep

Please subscribe now and support the local journalism YOU rely on and trust.

Nicolette Accardi can be reached at

naccardi@njadvancemedia.com

. Follow her on Twitter:

@N_Accardi

. Find

NJ.com on Facebook

. Have a tip? Tell us.

nj.com/tips

Note to readers: if you purchase something through one of our affiliate links we may earn a commission.