#VenmoU Cash Drop To Give Away up to $10K to College Students

Venmo on Wednesday (Sept. 29) announced an all-day cash giveaway in partnership with Grammy-nominated rapper Jack Harlow called the #VenmoU Cash Drop.

College students can visit venmou.com throughout the day, enter their mobile number and spin the wheel for a chance to win up to $500 in instant cash prizes and be entered for a chance to win one $10,000 grand prize.

“Getting a college degree comes at a high price tag that many struggle to afford, especially now more than ever, given the added hardships that the last year and a half has brought,” said Harlow in the Venmo announcement.

“On top of adapting to the new ways of learning and living, so many college students are also facing new financial obstacles due to the pandemic,” he said. “I salute each and every one of them who are working harder than ever, despite these challenges.”

Winners in the #VenmoU Cash Drop will receive a confirmation number and email. All customers who spin the wheel will also be entered for a chance to win the $10,000 grand prize.

Related news: Venmo Lets Users Buy Crypto With Cash Back From Credit Card

Last month, PayPal’s peer-to-peer vending app, Venmo, unveiled a program called Cash Back to Crypto, which allows customers using its credit card to automatically buy cryptocurrency using cash back earned from Venmo card purchases.

The feature expands on Venmo’s crypto functionality, while also giving consumers more choice in how they “can spend their cash back while allowing them to start exploring crypto within the Venmo environment they know and love,” according to the company’s press release on Aug. 10.

Customers can manage their cash back-to-crypto purchases in real time and can switch the cryptocurrency of their choosing at any time. There are no transaction fees, with a cryptocurrency conversation spread built into monthly transactions.

Venmo jumped into the cryptocurrency world in April, allowing its 77 million customers the chance to use bitcoin, Ethereum, Litecoin and Bitcoin Cash in their transactions.