deCashed accepts SOL as a form of payment for its May 11th event in New York City. While the checkout process is a tiny bit clunkier because it involves sending an email afterwards to confirm, the process of sending the funds is super simple. Got a Solana wallet? In my quick live tutorial, I use the Phantom app to register for deCashed but any Solana wallet will work.
Since no other information is sent with the payment, you just have to email us at email@example.com afterwards to tell us what wallet address you send it from, along with your full name so that your entry will be simple on May 11th.
The answer to the titled question above is: “Why yes, yes you can.”
The best evidence for that is a process we set up to register for our launch event on May 11th in New York City. No credit cards or cash are accepted to buy a ticket. It’s crypto-only. What kind? It’s your choice. For eth fans with MetaMask, registering can be accomplished in literally 20 seconds.
Name -> email -> Metamask confirmed -> Click -> done.
If you’re a coinbase user, well it’s just as easy because there’s a coinbase-native checkout process. Using something else? We’ll probably accept it. If you’re able to transmit crypto, we want you at deCashed on May 11th at The Refinery Rooftop!
Venmo sent out an email to users on Wednesday announcing changes to the way they structure fees around crypto transactions. Beginning at the end of March, PayPal, the operator of Venmo, will charge flat fees for crypto trades.
“This change is part of our ongoing commitment to provide transparency, ease of understanding and clarity to our customers,” a PayPal spokesperson said via email to Barrons. “The changes will be effective for both PayPal and Venmo customers on March 21, 2022.”
According to the email, the company’s new fees are based on dollars, not percentages for transactions less than $200.01. For transactions between $1.00 and $4.99, the new fee would be 49 cents. For transactions between $5.00 and $24.99, the fee is 99 cents. For orders between $25.00 and $74.99 the fee jumps to $1.99.
The highest flat fee transaction on Venmo is a whopping $2.49 for transactions that fall between $200.01 and $1,000. Purchase amounts that fall between $200.01 and $1,000 and anything above that will be hit with a percentage-based fee at 1.8% and 1.5%, respectively.
Venmo has been trying to operate with crypto in mind for some time. Venmo users have autonomy to make crypto trades and transactions on a limited basis. Users are limited at $20,000 a week in crypto transactions with a cap on $50,000 in a twelve month period. Venmo does not allow users to directly send crypto currencies to each other without first converting them into USD.
As the company has been making moves in determining crypto’s role in their business lately, PayPal may be looking to use Venmo as its digital asset-arm as the crypto payments space continues to develop.