Venmo

PayPal customers will now be able to use their Venmo accounts to make purchases on Amazon.

The online payment platform boosted its outlook for total payment volume, but guidance was largely unchanged.

PayPal reported its “strongest first-quarter results” in company history on Wednesday, posting $6.03 billion in revenue and a 46% increase in total payment volume.

PayPal has enabled the ability for customers on Venmo to buy and sell cryptocurrencies within the app.

A change in IRS tax code included in the $1.9 trillion COVID relief bill will require sellers and other businesses paying out more than $600 to gig workers to file tax forms with the IRS.