REAL NEWS: 70+ million Venmo customers cannot really buy Bitcoin Cash [or any other cryptocurrency].

Nobody is actually buying any Cryptocurrency neither via VENMO or PayPal.

What these companies are doing is actually showing their customers an I-OWE-YOU meaningless numbers which represent their internal Excel Spreadsheet balances. This is purely a speculative vehicle, like simulated brokerage account of a sort without access to real assets.

When nobody can input or output any Cryptocurrency (including Bitcoin Cash) from/to both Venmo or Paypal, that means there is no actual cryptocurrency there. It could be (and probably is) all dollars simply represented as other currencies.

TL;DR: IT'S A TRAP!