<p>Plans are in the works to offer crypto buying and selling to users of PayPal and Venmo, according to a report by CoinDesk's Ian Allison.</p> <p>“My understanding is that they are going to allow buys and sells of crypto directly from PayPal and Venmo,” said one of three unnamed sources, according to the crypto news outlet's <a href="https://www.coindesk.com/paypal-venmo-to-roll-out-crypto-buying-and-selling" target="_blank" rel="noopener noreferrer">report</a>. Liquidity for the offering would be sourced from crypto exchanges. </p> <p>When reached for comment, a PayPal representative told The Block: "PayPal does not comment on rumors or speculation."</p> <p>In terms of timing, CoinDesk reported that, according to one source, the service may become available in the next several months. </p> <p>The news, if true, would represent a deepening relationship between PayPal (which owns Venmo) and the crypto ecosystem. Back in 2014, PayPal <a href="https://www.coindesk.com/paypal-announces-first-partnerships-bitcoin-space" target="_blank" rel="noopener noreferrer">struck up partnerships</a> with three bitcoin payment processors, including Coinbase, which allowed merchants in its network to accept bitcoin as payment. </p>