Venmo Rolls Out Crypto Currency Price Alerts Feature
Niko Pajkovic — November 13, 2021 — Tech
PayPal-owned mobile payment service Venmo has announced the launch of a new feature that lets users set price alerts for the four cryptocurrencies used on the platform: Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. What this means is that users can track price fluctuations in these currencies, allowing them to make better decisions regarding when to buy, hold, or sell.
More specifically, users will receive a notification anytime a currency rises or drops by 5% or 10%. In addition, the alerts can be toggled on and off as users see fit and customized to their specific needs. For example, customers can set up alerts by picking how often and at what increase or decrease percentages they would like to receive notifications.
Image Credit: Shutterstock
More specifically, users will receive a notification anytime a currency rises or drops by 5% or 10%. In addition, the alerts can be toggled on and off as users see fit and customized to their specific needs. For example, customers can set up alerts by picking how often and at what increase or decrease percentages they would like to receive notifications.
Image Credit: Shutterstock
Trend Themes
1. Cryptocurrency Price Alert Features - As payment services like Venmo add cryptocurrency price alert features, disruptors have an opportunity to create personalized and advanced cryptocurrency tracking and analysis tools for investors.
2. Increased Accessibility to Cryptocurrency Markets - By offering cryptocurrency tracking tools to mainstream payment users, traditional cryptocurrency exchanges and wallets may face pressure to create more user-friendly and accessible platforms.
3. Integration of Cryptocurrencies with Payment Services - As payment services like Venmo continue to integrate cryptocurrencies, disruptors have an opportunity to present new payment solutions that merge fiat currencies with cryptocurrencies.
Industry Implications
1. Payment Services - As payment services continue to integrate cryptocurrency tracking and analysis tools, vendors of cryptocurrency payment solutions may face challenges to ensure their platforms are competitive and user-friendly to mainstream consumers.
2. Cryptocurrency Exchanges - As cryptocurrencies become more mainstream, it is likely that traditional cryptocurrency exchanges will need to evolve to offer more user-friendly platforms and tools that integrate fiat and cryptocurrencies.
3. Investment Tools and Platforms - As more people invest in cryptocurrencies, disruptors have an opportunity to present advanced and personalized tools and platforms that help investors make informed decisions based on real-time price alerts and analysis.
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