Venmo’s Crypto Cashback

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Venmo announced on August 10th, Cash Back to Crypto, a new way for Venmo Credit Card customers to automatically purchase cryptocurrency from their Venmo account using cash back earned from their card purchases.

The new feature, which further enhances the Venmo Credit Card's dynamic rewards experience, expands choice in how customers can spend their cash back while allowing them to start exploring crypto within the Venmo environment.

Sources:
https://newsroom.paypal-corp.com/2021-08-10-Introducing-Cash-Back-to-Crypto-with-the-Venmo-Credit-Card
https://fortune.com/2021/08/11/venmo-crypto-credit-card-rewards-cashback-bitcoin-ethereum-litecoin/
https://time.com/nextadvisor/credit-cards/credit-cards-with-crypto-rewards/