Venmo
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PYUSD Arrives in Venmo on Arbitrum, Putting the Stablecoin in Front of 67 Million Monthly Users
PayPal's stablecoin, PYUSD, is now available to eligible Venmo users on the Arbitrum network, providing access to over 67 million monthly active accounts. This integration marks a significant step in expanding consumer access to PYUSD on an Ethereum Layer 2 solution, following its earlier deployment on Arbitrum by PayPal. Users can buy, sell, send, and spend PYUSD within Venmo with no transaction fees, though external wallet transfers incur network fees. Balances held within Venmo or PayPal can earn rewards, with PayPal promoting a 4% annual rate in 2026.
Google Play now takes Venmo payments
Google Play now accepts Venmo as a payment option, allowing users to utilize their Venmo balance or linked accounts for purchases. This integration expands the payment choices available to Google Play users.
Venmo's redesigned app offers more discreet payments by default
Venmo has redesigned its app to offer more discreet payment options by default. New users will now have their post visibility set to 'friends only' instead of 'public' automatically, enhancing user privacy.
Morning Safety Dance
Venmo is addressing privacy concerns that have persisted for eight years, following reports of 'alarming' security failures. Separately, an AI tool poisoning incident has exposed a significant flaw in enterprise agent security, as detailed by VentureBeat.